Guatemala: Exchange Rate Up to Q7.75Between March 23 and 24 the price of the Quetzal vs. Dollar rose from Q7.67 to Q7.75, which is attributed to the expectations of a possible economic slowdown, due to the impact of the Covid-19 crisis.Tuesday, March 24, 2020
The expectations of a decrease in the income of family remittances, the time that the international economy could be depressed and the component of fear in the agents, are other causes of the upward pressure that the exchange rate has reported in the last hours. Costa Rica: Dollar Price Rises to ₡581.8March 2020 In the last 15 days, the price per dollar in the wholesale market has risen ₡16, which can be explained by economic uncertainty and people's preference for buying dollars. Uncertainty Affects Exchange RateJuly 2019 Although Guatemala and the U.S. have already signed an agreement on migration issues, the exchange rate reported a slight increase and the upward trend is expected to continue over the next few days. 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. Guatemala: Quetzal Continues to Appreciate Against DollarJanuary 2015 In order to moderate the decline in the dollar the Bank of Guatemala has made two interventions so far in 2015.
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