Reuters reports that analysts polled by Argentina's central bank raised their estimate for annual inflation in Argentina for $2023$ to $185\mathrm{.}0\%,$

What effects on the $($flexible$)$ exchange rate of the euro against the Argentinian peso $($price quotation of the euro$)$ would you expect assuming for simplicity that inflation rates in the euro area is low?

Use an exchange rate diagram to illustrate your findings.