Nicaragua: Exchange Market Figures up to the 1st Quarter

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.

Thursday, May 9, 2019

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.

By economic agent, the operations of banks, finance companies and exchange houses with the public totaled 2,837.1 million dollars (US$1,422.4 from purchases + US$1,414.6 from sales), reflecting a 20.1 percent year-on-year decrease. On the other hand, the operations of the exchange table of the NCB were of 111.3 million dollars (US$15.4 million of purchases and US$95.9 million of sales), showing a 25.8-million-dollar increase with respect to the first quarter of 2018.

As in previous periods, operations with the public continued to be centralised in a relatively small group of entities. Thus, 3 of the 19 entities participating in the foreign exchange market represented 80.8 percent of the total volume traded.

The volume of operations of the national financial system with the public represented 91.3 percent of the total operations of the exchange market, 4.9 percent corresponded to exchange house transactions and the remaining 3.8 percent corresponded to operations in the NCB's exchange table.

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