Guatemala: Queztal to US dollar exchange rate increases

In one week the currency went from Q7.77 to Q7.91, the biggest increase since October 2004.

Wednesday, January 28, 2009

Elperiodico.com.gt reports: "The exchange rate is finally reaching its real levels, in previous years there was the feeling that it was overvalued," said Tulio Garcia, president of the Guatemalan Association of Exporters (Agexport), in comments about the recent upward tendency of the US dollar.



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Dollar Reaches Q8 in Guatemala

September 2012

The reference exchange rate was 8.00717 quetzals yesterday, the highest price against the dollar since January 2011.

Throughout 2011 and in the first eight months of 2012, the behavior of the currency has remained stable, according to data from the Bank of Guatemala (Banguat).

Cheap Dollar in Costa Rica

March 2011

The U.S. Dollar has been losing its value, pushed down by unattractive interest rates and lack of investment alternatives.

In the Costa Rican foreign currency exchange, the dollar has been hovering close to its minimum allowed level of 500 colones for the past few months. This is explained by the lack of attractive investment options in this currency, low interest rates and the constant intervention by the Central Bank in the forex market.

Banguat Intervenes to Halt Rise of the Dollar

September 2009

The Central Bank of Guatemala yesterday sold $24 million after the dollar reached new record prices.

A dollar is currently traded for Q8.29053, and in the last 12 months its price has increased 11.4%.

From Prensalibre.com: "The Central bank intervened twice, each time with $12 million. However, the currency exchange market demanded $32.4 million from the bank".

Banguat Intervenes to Prevent Dollar Appreciation

August 2009

Yesterday Banguat sold $33.5 million, to curb the increase of the dollar, as it has been doing in the last months.

In the interbank market, the dollar reached a record price of Q8.30.

"In the last weeks several economic analysts have pointed out that there is high speculation in the currency market, because big exporting companies choose not to sell their dollars, or trade a minimum just to cover their operations, because they know that if they wait a few days they'll get better prices for their dollars, and earn a profit", reported Elperiodico.com.gt.

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