What will the Dollar be worth End 2020.!

Alpinista

Registered
My speculation - The peso has already been quietly devaluating by a few cents each day. The average sell rate is already 84.
I have my doubts whether these quiet devaluations will be enough to somehow limit the gap. Only today the usd went up 7 pesos.
But a gradual devaluation might certainly be an option
 

Dougie

Registered
In my experience, every time an Argentine government categorically announces they WON'T DO "X or Y", it means they are about to do it.
Yes, you're right about that. If the president needs to make a comment on it, you know something is wrong. Don't worry no major devaluation is coming is currently their newest pronouncement.

I remember when the peso was starting to show some weakness in 2018 and Macri came out and said "tranquilos, no pasa nada" and shortly later it all exploded and they had to go to the IMF.
 

Rich One

Registered
In my experience, every time an Argentine government categorically announces they WON'T DO "X or Y", it means they are about to do it.
It would be suicidal if the Ministro Guzman would say next week we may devalue 40 % or more. It would be a Tsunami of dollar buying . People would borrow heavily to purchase pesos..!, Mortage their homes etc.
 

Somewhereinba

Registered
Following is an article where 40 economists predict the value of the Dollar, Official and other colors.
A crystal ball competition 'bigger balls more accurate' ?




View attachment 7056
That worked out well
 

Rich One

Registered
Dollar $195 Bluest ... Black Monday.. Will sure break the $200 barrier..!
20 % devaluation expected before year end..! This will bring the economy to a standstill No one wants to sell dollars? or crops or sell imported goods and decide on replacement cost ..!
 
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