It should be much much higher than it is right now. Hopefully it crashes to what it really should be.
batimes.com.ar
The peso was going to fairer values until the US started bailing out Milei.It should be much much higher than it is right now. Hopefully it crashes to what it really should be.
It's only a matter of time now. Milei and his sister and sinking themselves.
Milei team tries to stem bribery scandal as bonds and peso sink
President Javier Milei’s top officials moved to contain fall-out from bribery allegations against an ally that are weighing on Argentina’s dollar bonds.
It is probably impossible to really say what the peso will be at with all the intervening by both Argentina and now the US. Everyone I talk to says the peso is overvalued. That is except Trump and Bessant but not sure how well they know Argentina. Talk all over the news is they bailed out their hedge fund friends.
Impossible to say. You can see how volatile it is. But no one know with the US government involved.
It was on its way to 2000 to $1. The issue is the normal person on the street has no desire and probably never will of holding pesos over dollars in Argentina. They know better so while the US help might help in the short term I doubt it will help in the long term.
www.ambito.com
Just wild to think that even with the US government supporting Argentina so much the exchange rate keeps going up. What I don't understand is everyone everyone is saying the same thing is this guy in the article. I don't know much about the situation, especially with the US government so involved but one thing for sure is that if the US wasn't involved it seems like the exchange rate would be far over 2,000 to $1 already.Seems like Bessent is sending out tweets daily but it is not helping. Most locals are saying it should be over 2,000 to $1. Here is the former President of the Banco la nacion saying the values now are out of whack.
Carlos Melconian advirtió que “hay números que reflejan una devaluación” y que el dólar podría llegar a $2.000
El economista dio su pronóstico para la economía que viene tras las elecciones del 26 de octubre. Afirmó que el valor oficial de la divisa debería ser más alto y señaló que no sería “una tragedia” que llegara a $2.000.
This tells me how terrible the situation is. Seems like a full blown currency collapse. Even with USA backstopping the peso it wasn't enough. Bessent had to double the help and that didn't help either.
The true answer is no one really knows.
Agree. Trump said it best. Argentina is broke and dying.
Agree with you @GlasgowJohn although everyone is saying that the peso is still overvalued so I don't know. It is difficult to fight with the USA if they will provide billions and billions but if LLA is not successful it might not come. Either way I am keeping USD.
This probably all depends on what the USA is going to do. They sold a massive amount of dollars today. They have pledged $20 billion which is massive. Agree with John it is anyone's guess.
That's the worst thing - it's a guessing game.
But the US aid seems like it will just keep the peso overvalued further. Seems like just kicking the can down the road and delaying the day of reckoning. Anyone's guess now.
