Nicaragua: Exchange Market Figures up to July 2019

In the first seven months of the year, trading volume totaled $6,548 million, 20% lower than the same period in 2018.

Tuesday, September 3, 2019

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.

The volume of operations (purchases + sales) of the exchange market totaled 902.2 million dollars, of which 449.0 million dollars corresponded to purchase operations and 453.2 million dollars to sales. The level of operations for the month was 15.5 percent lower than that recorded in July 2018 (US$1,067.9 million), also in the period January - July 2019 there was a 19.6 percent decrease in year-on-year terms. An increase of 4.7 percent was observed with respect to the previous month.

The operations of financial and exchange entities with the public totaled 893.6 million dollars, being this higher by 4.3 percent over the previous month, and lower by 5.1 percent in year-on-year terms. On the other hand, the NCB carried out exchange operations with the Government and financial institutions of the country for an amount of 8.6 million dollars, volume that was 93.2 percent lower than that registered in July 2018 (US$125.9 million). During the month, the NCB bought foreign exchange for US$ 8.4 million and sold US$ 147.9 thousand, for a net purchase result of US$ 8.3 million.

The average purchase gap was -0.16 percent, being a smaller percentage variation between the average exchange rate of the exchange market purchase and the official exchange rate, in 0.65 percentage points with respect to that registered in July 2018 (0.49%). Likewise, the average sales gap of the month (0.71%) was lower by 0.48 percentage points in year-on-year terms (1.19% in July 2018).

See full statistics.



More on this topic

Nicaragua: Exchange Market Figures in April 2019

June 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.

Nicaragua: Exchange Market Figures up to the 1st Quarter

May 2019

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.

Exchange Market at the End of 2018

February 2019

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.

Nicaragua: Foreign Exchange Market Figures up to IIQ 2018

August 2018

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).