In the first seven months of the year, trading volume totaled $6,548 million, 20% lower than the same period in 2018.
From the Central Bank of Nicaragua report:
According to published statistics, in July there were lower pressures in the exchange market, which led to lower volumes of purchases and sales of foreign exchange, observing a reduction in the exchange gap when compared to those recorded in the same month last year.
In a competitive scenario for lower costs and higher productivity, devaluation against the Lempira Dollar in Honduras and the Cordoba Dollar in Nicaragua is a factor that could help these economies stay competitive.
In the last five years, the exchange rate in Honduras increased by 17%, from 21.06 Lempiras per U.S. dollar in June 2014 to 24.67 in the same month in 2019.
In the first four months of the year, trading volume totaled $3.873 million, 19% less than the same period in 2018.
From the Central Bank of Nicaragua report:
According to official statistics, the volume of exchange market operations in April totaled 924.7 million dollars (US$38.5 million daily average), showing a 0.97% decrease with respect to the level registered in the previous month.
The volume of operations totaled $2,948 million during the first quarter of the year, registering a 19% decrease with respect to the same period in 2018.
From the Central Bank of Nicaragua report:
The volume traded (purchases + sales) of foreign currency in the exchange market during the first quarter of 2019 was 2,948.3 million dollars (daily average of US$38.8 million), showing a decrease of 18.9 percent over the first quarter of the previous year, mainly because of the decrease in financial sector operations with the public.
The volume of operations totaled $3.413 million during the fourth quarter of 2018 in Nicaragua, recording an increase of just 1% over the same period in 2017.
From the Central Bank of Nicaragua report:
The volume traded (purchases + sales) of foreign currency in the exchange market totaled 3,413.0 million dollars during the fourth quarter of 2018 (daily average of US$44.3 million), showing a 1.1 percent increase with respect to the fourth quarter of the previous year, mainly because of the increase in the operations of the BCN's foreign exchange desk with banks and financiers.
During the second quarter of the year, operating volume totaled $3.347 million, an increase of 13% over the same period in 2017.
The Central Bank of Nicaragua (BCN) reported that the increase reported in the third quarter of the year, is mainly caused by the increase in the operations of the currency exchange table of the BCN with banks and financiers.
The volume of operations in the foreign exchange market totaled $1.233 billion in August 2018, registering an increase of 23% with respect to the same month in 2017.
The volume of operations in the foreign exchange market totaled $1.233 billion in the month of August (purchases: $485.7 million and sales $747.3 million), with a daily average of $45.7 million, reported the Central Bank of Nicaragua (BCN).
The volume of operations in the foreign exchange market totaled $1.067 billion during July 2018, registering an increase of 13% with respect to the same month in 2017.
The volume of operations in the exchange market totaled 1,068.0 million dollars in the month of July (purchases: US $447.0 million and sales US $620.9 million), with a daily average of 44.5 million dollars, reported the Central Bank of Nicaragua.
The volume of operations totaled $3.439 billion during the second quarter of the year, registering an increase of 12% with respect to the same period in 2017.
The Central Bank of Nicaragua (BCN) reported that the operations of financial and exchange entities with the public totaled US $3.0542 billion, reflecting a year-on-year increase of 2.1%.In relation to the operations of the Government, banks and financial institutions with the BCN, through the Exchange Desk, they totaled 384.5 million dollars (US $71.9 million in the II quarter of 2017).
The volume of operations in the foreign exchange market totaled $1.166 billion in February 2018, registering an increase of 15% with respect to the same month in 2017.
From a statement issued by the Central Bank of Nicaragua:
March 28, 2018.The volume of operations in the exchange market totaled 1.1662 billion dollars in the month of February (purchases: US $584.8 million and sales US $581.4 million), with a daily average of 48.6 million dollars.
The volume of operations totaled $3.377 billion in the last quarter of last year, registering an increase of 1% compared to the same period in 2016.
In the last three months of 2017, operations made by financial and exchange entities with the public totaled $3.315 billion, reflecting an interannual increase of 3%.Operations by the Government, banks and financial institutions with the Central Bank, through the Exchange Desk, totaled $62 million.
The volume of operations in the exchange market totaled $973 million in July 2017, a decrease of 6% compared to the same month in 2016.
From a statement issued by the Central Bank:
The Central Bank of Nicaragua (BCN) published on September 1, 2017 the Statistical Report on the Exchange Market, corresponding to July of this year.
The volume of operations in the foreign exchange market totaled 972.6 million dollars (purchases: US $497.6 and sales US $475.0 million) during the month of July 2017 (daily average of US $38.9 million), showing a decrease of 6.0 percent, in relation to the same month of the previous year. This behavior was explained by a reduction in the volume of operations made by the BCN exchange desk with banks and financial institutions, followed by exchange offices with the public.
In an unstable exchange market, lack of transparency in the rules on intervention by the Central Bank of Costa Rica increases uncertainty and drives investors towards the safest currency.
EDITORIAL
The rise in the price of the dollar in Costa Rica is a negative factor for some sectors and positive for others, but generally negative for the economy, because it distorts companies' plans, diminishing their competitiveness, and because it increases market players' willingness to speculate.
The idea of de-dollarization of the Nicaraguan economy was short-lived, after having set off various alarms in academic and business environments.
After several days of national discussion on the issue, the Central Bank has ruled out the possibility.
An article in Elnuevodiario.com.ni reports that "the President of the Central Bank of Nicaragua, BCN, Ovidio Reyes said on Wednesday that the current system of coexistence between the dollar and the Cordoba has worked in the country, therefore they have ruled out the dedollarization of the Nicaraguan economy. "
In light of the alarm generated by the proposal for the de-dollarization of the economy, the President of the Central Bank announced that there will be no change in the system of free convertibility of currencies.
An article in Elnuevodiario.com.ni reports that Ovidio Reyes, president of the Central Bank of Nicaragua, said that "... many people are concerned because they believe the government will start to add controls to the buying and selling of dollars. 'That will not happen, a key attraction of foreign investment has been the system of free convertibility of our currency and the dollar that exists in the country'. "