When will the dollar hit 20?

It was 20 for a time this morning in the financial markets.

Where will it end the year? I imagine the government will try and work the markets for a while to maintain this level.

But my bet is 22 / 23 at the end of 2018

I'm joining the farmers -- would love to see 27.

Quote from serafina

On a side note: at Disco a pack of Buitoni imported from Italy costs 47 pesos against 55 of Del Verde made in Argentina.

There is also canned peeled tomatoes from Salerno for 18 pesos the can, imported Grana Padano, Parmigiano Reggiano, Pecorino all for about 230 pesos for 200 g.

I can just taste the dinner you are cooking tonight!

No wonder that the dollar is following the inflation, and it is still behind the real value. That is the reason on how many argentineans travel all around the globe. My granddaughters are now in weird, distant places as Thailand, Vietnam, Cambodia. Nothing related with Western culture.

When I was young, the mandatory travel was to USA or Western Europe. We had an eurocentric culture. Young people prefer other countries, to my dismay.

Quote from Carlos

No wonder that the dollar is following the inflation, and it is still behind the real value. That is the reason on how many argentineans travel all around the globe. My granddaughters are now in weird, distant places as Thailand, Vietnam, Cambodia. Nothing related with Western culture.

When I was young, the mandatory travel was to USA or Western Europe. We had an eurocentric culture. Young people prefer other countries, to my dismay.

I understand your point about Eurocentric cultures. Part of the appeal of Eastern countries to young people could be that, despite globalism, they retain an exotic character unlike those of Western countries, whose architecture, foods, clothing styles, ubiquitous McDonalds and other signs of historic as well as current culture could make a Western traveler feel he/she has never left home.

Quote from Rice

I understand your point about Eurocentric cultures. Part of the appeal of Eastern countries to young people could be that, despite globalism, they retain an exotic character unlike those of Western countries, whose architecture, foods, clothing styles, ubiquitous McDonalds and other signs of historic as well as current culture could make a Western traveler feel he/she has never left home.

That is quite right, but I prefer to visit the Kunsthistorisches Museum in Vienna, than to see people living in boats in Vietnam. It is a question of generation, I think.

Quote from Carlos

That is quite right, but I prefer to visit the Kunsthistorisches Museum in Vienna, than to see people living in boats in Vietnam. It is a question of generation, I think.

Indeed. Vive la différance!

This thread has historical value and in fact it was Joe who first posed the question back in the dark ages. Today it's over 150 and climbing every single day, so much so that nobody wants to give you a price for goods such as PC components anymore.

I’m feeling great nostalgia. For the poor old peso, not for Josefina.

For those hoping that dolarisation will fix all the woes of this basket case economy, it ain't going to happen. It would be like baggage - you still take it all with you wherever you go.