Banguat Defends Quetzal with $19.2 MillionThe Bank of Guatemala (Banguat) intervened in the foreign exchange market to halt the devaluation of the Quetzal.Wednesday, March 18, 2009
The bank placed $19.2 million at an exchange rate of Q8.08 and Q8.10; this being the first time it has intervened in the market since December 29, 2008, when it auctioned $3.5 million. Source: elperiodico.com.gt ¿Busca soluciones de inteligencia comercial para su empresa?Quetzal vs. Dollars: Has the Trend Reversed?September 2018 Since the beginning of the year Banco de Guatemala has intervened in the foreign exchange market buying foreign currency in order to curb appreciation of the local currency against the dollar, but in recent weeks it has been selling currencies in order to minimize depreciation. Increasing Efforts to Reduce Appreciation of the QuetzalJune 2018 At the beginning of 2018 Banco de Guatemala authorized intervention in the foreign exchange market for up to a maximum of $500 million, and by last Friday $349 million had already been purchased. Guatemala and the Exchange Rate InterventionMarch 2018 So far this year the Banco de Guatemala has intervened in the foreign exchange market buying $282 million, less than the $320 million bought in the same period in 2017. Guatemala: Banguat Authorized to Sell More DollarsOctober 2009 Banguat is now authorized to sell up to $32 million a day; previously, it could offer only 24.
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