Salvadoran Exports to the Isthmus Gain Competitiveness

El Salvador reported lower inflation and greater stability unlike other countries in the region.

Monday, March 9, 2009

Both factors have boosted Salvadoran exports to the isthmus which totaled $1.191 billion between January and November, 2008, an increase of 23.7% over the same period in 2007.

An article in laprensagrafica.com reported that Mauricio Choussy, director of Fitch Ratings Central America, said: ""Salvadoran firms are growing by exporting to the region and have taken advantage of low inflation and the fixed exchange rate with the dollar.'

He also warned that Salvadoran firms 'are going to suffer a lot in terms of exchange compatibility with the rest of the region if the other Central American countries devalue their currencies.'"



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Central America and the Devaluation of the Chinese Yuan

August 2015

The 1.9% devaluation against the dollar could be the first of several downward adjustments in the value of the Chinese currency, making imported goods from China even cheaper.

International analysts are not ruling out that in the short and medium term, the Central Bank of China will re-enable its exchange rate policy and devalue the currency even more, which would directly impact the price of goods that Central American companies import from China.

IMF: 'Lempira is Overvalued'

June 2014

A recommendation has been made that there be greater exchange rate flexibility within the current regime which would strengthen the external position and alleviate the costs of fiscal adjustment.

From a press release issued by the International Monetary Fund:

On June 9, 2014 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Honduras.

The IMF's prescription for Honduras

July 2010

Gradual increase in exchange rate flexibility, supported by fiscal consolidation, wage moderation, and a prudent monetary policy.

On July 12, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Honduras.

Background

Guatemala's Quetzal appreciates in value

June 2008

Guatemala's currency has appreciated in value more than any other in Central America, using an index that compares prices of basic products with its neighboring countries in the region.

The Executive Secretary of the Central American Monetary Board said in his report on indicators said that the quetzal maintained an index of appreciation of 73.6 in May.

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