Argentina Peso By Bloomberg

[garryl]

http://www.bloomberg.com/news/2014-08-22/argentina-s-peso-weakening-at-fastest-pace-since-january.html

 

[sleslie23]

How does one short a currency?

 

[garryl]

How does one short a currency?

buy stuff with peso, and sell at higher price

 

[Rich One]

the Government will throw a Sweet Fifteen Party when the dollar reaches 15 pesos , (A clarin cartoon)

 

[French jurist]

How does one short a currency?

Entity X owns a currency. Entity Y thinks the currency will go down & pays entity X an interest/fee to speculate on the currency, in order to sell the currency for a set price, all with a certain delay. If past this delay, the currency is lower than the set price, entity Y makes a profit. More or less this.

Kind of betting

 

[ARbound]

I wish I could find someone stupid enough to short the ARS, but most people wouldn't, you just need to google it to see it's been declining since Kirchnerism came in to effect.