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I should have sent more last week. Rate just went down to 1,421.55. Big jump down. I wonder if it will go back up after this initial jump up from the election.
Give it a week. My guess is the rate will go back up. Argentina still has a lot of debt to pay and same issues. Granted Milei has a shot now of getting through some of his proposals but still many problems and debt to deal with.
 
Give it a week. My guess is the rate will go back up. Argentina still has a lot of debt to pay and same issues. Granted Milei has a shot now of getting through some of his proposals but still many problems and debt to deal with.
Long term dollars over pesos. Billions and billions due over the next year and the government still can't accumulate much reserves. They already have austerity measures in place and not much more they can cut. In fact probably have to start spending more. Only so much you can borrow. Actually thought thought the peso would strengthen more and it seems like it's weakening throughout the day.

It's Argentina so next week it could be back above 1500. Anyones guess.
 
Give it a week. My guess is the rate will go back up. Argentina still has a lot of debt to pay and same issues. Granted Milei has a shot now of getting through some of his proposals but still many problems and debt to deal with.
Blue and crypto dollar are paring its loss from 10% at its peak to about 5%. Remember there is still 30% annual inflation. That is massive all things considered.
 
Long term dollars over pesos. Billions and billions due over the next year and the government still can't accumulate much reserves. They already have austerity measures in place and not much more they can cut. In fact probably have to start spending more. Only so much you can borrow. Actually thought thought the peso would strengthen more and it seems like it's weakening throughout the day.

It's Argentina so next week it could be back above 1500. Anyones guess.
You don't even have to wait until "next week". Today it's already back over 1500. That didn't last long. I wonder what the WU rate will be by the end of this week. Peso feels overvalued still and the market is saying the same thing.
 
I should have sent more last week. Rate just went down to 1,421.55. Big jump down. I wonder if it will go back up after this initial jump up from the election.
Anyone know when WU updates their rates. I sent myself a payment today and still only got 1421.
 
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