Argentina Blue Dollar Goes up to 1,220 pesos to $1 USD

[BuySellBA]

Argentina Blue Dollar Goes up to 1,220 pesos to $1 USD

BuySellBA forecasted WEEKS ago that we will hit the upper band of the 1,400 pesos to $1 USD before the election. And probably much sooner before that. We told you that big money would exit their carry trade positions. How did we know? We advise them on Argentina. Everyone comes to us for advice on Argentina. The old adage is true for Argentina. Just wait and things will flip again.


@BuySellBA - Perfectly timing Argentina since 2002.

 

[JonJLA]

I read your posts on X every day. You and BowTiedMara have the best content on Buenos Aires.

https://x.com/BuySellBA

 

[TonyTigre]

The crazy thing is that even if it gets to 1,400 by election day, it might not even make up for the price inflation in ARS despite the lower inflation rate this year. Therefore, any expat or future expats with income in USD, especially those on fixed income, better be prepared to continue to pay more in USD. The price increases won't be as bad as last year but it's a a tough baseline to get used to after years of cheap prices for those who were able to take advantage of the Blue Dollar rates.

 

[earlyretirement]

The crazy thing is that even if it gets to 1,400 by election day, it might not even make up for the price inflation in ARS despite the lower inflation rate this year. Therefore, any expat or future expats with income in USD, especially those on fixed income, better be prepared to continue to pay more in USD. The price increases won't be as bad as last year but it's a a tough baseline to get used to after years of cheap prices for those who were able to take advantage of the Blue Dollar rates.

Absolutely 100% correct as usual @TonyTigre. Salaries aren't keeping up with inflation now. Totally agree that inflation shouldn't be as bad as before but the blue dollar should jump up. How much I don't know but if blue jumps, inflation will also jump up and prices are already high. We need a deflation of prices.

 

[Uncle Wong]

I couldn't believe how expensive some things are now when I was in BA a few weeks ago. I see the Central Bank reserves aren't meaningfully going up.