Uncertainty Affects Exchange RateAlthough 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.Monday, July 29, 2019
President Trump's warning to Guatemala to impose export tariffs and taxes on remittances and transfers had a direct impact on the exchange market. Source: prensalibre.com Do you need more information about your business sector?Request more information: Need assistance? Contact us
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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. Costa Rica: Intervention to Stabilize Exchange RateMarch 2017 In one day the Central Bank sold $30 million on the wholesale foreign exchange market in order to moderate the upward trend that had been seen in the price of the dollar against the Colon. Uncertainty Over Dollar in Costa RicaJune 2014 A proliferation of articles, reviews and editorials on the exchange rate is the best example of the prevailing concern in a market waiting for a clear definition of the exchange rate policy by the Central Bank. Dollar Keeps Rising in Costa RicaMarch 2014 The exchange rate in the wholesale market reached 558 colones per dollar, while at bank counters one dollar was being sold (on Wednesday March 5th) at 565 colones.
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