Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low

Tyler Durden's picture

Since President Kirchner unleashed her 'cramdown' plan for Argentinian debt, the Peso has collapsed at the fastest pace since January's devaluation. The 'official' Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD - and Argentina's debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.

 

The official Peso rate just hit record lows and is accelerating rapidly...

 

The Dolar-Blue has imploded at 13.8 - record lows...

 

and bonds are starting to reflect devaluation fears...

 

Charts: Bloomberg