Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes

The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto Fernandez and Argentine courts. Argentine Peso Falls Sharply Against the US Dollar The Argentine peso is facing a sudden downturn that has taken the value of the currency to historic lows. On Dec. 23, local media informed one of the informal exchange rates of the currency vs the U.S.