One of the biggest problems President Javier Milei has as he tries to stem a currency crisis is that the peso, by nearly all accounts, is overvalued.
Barclays Plc says the real effective exchange rate should be as much as 30 percent weaker to stimulate the economy. StoneX and local broker One618 say the peso’s excess valuation is closer to 20 percent. Many other investors and analysts consulted by Bloomberg didn’t want to offer a precise estimate, but they agree that, to one degree or another, the peso needs to drop.
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