Nicaragua: Foreign Exchange Figures at End of 2017

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.

Monday, February 5, 2018

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.

From a report by the Central Bank of Nicaragua:

The Central Bank of Nicaragua (BCN) published on February 2, 2018, the Statistical Report on the Exchange Market, corresponding to the fourth quarter of 2017.

The volume traded (purchases + sales) in the exchange market totaled 3.3768 billion dollars in the fourth quarter of 2017 (daily average of US $44.4 million), registering an increase of 1.1 percent compared to the fourth quarter of the previous year. This increase was observed mainly in the operations of the exchange houses with the public, followed by operations of banks and financial institutions with the public.

Read full report (in Spanish).

More on this topic

Nicaragua: Foreign Exchange Transactions Up 15%

April 2018

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.

Nicaragua: Foreign Exchange Transactions Down 6%

September 2017

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.

Banks with Less Freedom to Handle Dollars

January 2017

Starting December 22nd 2016 a new rule applies that prevents banks in Costa Rica from deciding how much of their capital they want to hold denominated in dollars and how much in colones.

In an attempt to gain more control of the risk involved in foreign exchange transactions by banks and their impact on the exchange rate, the Central Bank has changed the rules for foreign exchange cash operations, forcing banks to change the composition of their assets so that the proportion denominated in dollars is equal to the proportion of assets in that currency.

Costa Rica: Farewell to Exchange Rate Bands

August 2014

"The exchange rate bands are completely irrelevant for making economic decisions and the formation of expectations among economic agents."

From 'Pulso Bursátil', a blog by Aldesa:

Costa Rica: Facing a Managed Float?

The volatility of the exchange rate (measured by the standard deviation of 15 days MONEX) is at the lowest level of the year and similar to the levels recorded in December 2013, when the exchange rate was quoted at the "floor" exchange rate bands.

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