TheDonald
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Predictions of this nature are simplistic to the point of being worthless.
As I wrote before on this site, a currency exchange rate is made up of two currencies. Not one. The exchange rate is the result of supply and demand for the respective currencies that are being compared.
Any prediction of the peso/dollar exchange rate at the end of 2020 will be influenced by who wins the US presidential election. This influence will be enormous. If Trump wins, the dollar will probably strengthen around 15%. If Biden wins, the dollar will probably weaken about 30%. These ranges are not limited to the peso/dollar. They will also control for the dollar against pretty much every foreign currency.
These are just rough estimates. Also figuring into the calculation will be the debt renegotiation, Argentina's economy, the price of Argentine export commodities and a few other factors. But in my opinion, the strongest influence on the exchange rate will the result of the US presidential election.
I am not making political statements. But economic ones. Investors will buy dollar assets if Trump wins. They will sell dollar assets if Biden wins. That will affect the supply/demand relation for dollars against every currency. This is economic reality.
As I wrote before on this site, a currency exchange rate is made up of two currencies. Not one. The exchange rate is the result of supply and demand for the respective currencies that are being compared.
Any prediction of the peso/dollar exchange rate at the end of 2020 will be influenced by who wins the US presidential election. This influence will be enormous. If Trump wins, the dollar will probably strengthen around 15%. If Biden wins, the dollar will probably weaken about 30%. These ranges are not limited to the peso/dollar. They will also control for the dollar against pretty much every foreign currency.
These are just rough estimates. Also figuring into the calculation will be the debt renegotiation, Argentina's economy, the price of Argentine export commodities and a few other factors. But in my opinion, the strongest influence on the exchange rate will the result of the US presidential election.
I am not making political statements. But economic ones. Investors will buy dollar assets if Trump wins. They will sell dollar assets if Biden wins. That will affect the supply/demand relation for dollars against every currency. This is economic reality.