In a competitive scenario for lower costs and higher productivity, devaluation against the Lempira Dollar in Honduras and the Cordoba Dollar in Nicaragua is a factor that could help these economies stay competitive.
In the last five years, the exchange rate in Honduras increased by 17%, from 21.06 Lempiras per U.S. dollar in June 2014 to 24.67 in the same month in 2019.
Once newcomer investors realize the potential earnings, they are often ready to plunge into currency pair deal without a second thought. Careless novices lose thousands of dollars within the first few days, get disappointed in trading and discourage everyone around from ever trying.
To avoid this unenviable fate, do not ignore the chance to make most of the demo account.
In an unstable exchange market, lack of transparency in the rules on intervention by the Central Bank of Costa Rica increases uncertainty and drives investors towards the safest currency.
EDITORIAL
The rise in the price of the dollar in Costa Rica is a negative factor for some sectors and positive for others, but generally negative for the economy, because it distorts companies' plans, diminishing their competitiveness, and because it increases market players' willingness to speculate.
The activity is now regulated by the Superintendency of Securities, with brokerage houses restricted.
Prensa.com reports that "the new regulations reflect concerns about Panama's capital market in relation to a significant number of operational houses selling consulting services and developing activities in the forex market, without the need to obtain a license or approval by the Government ".
Financial sector operators have submitted their suggestions to update the rules of the activity, including a revision of the income limit.
A review of the ceiling of 30% on income from net currency trading with brokerage houses is one of the proposals received by the Superintendency of Securities (VPS), in this case driven by executive vice president and general manager the Stock Exchange, Roberto Brenes.
Some draft rules for the regulations are being considered by the board of the Superintendency of Securities Market, before being put to public consultation.
According to an article in Capital.com.pa, the Superintendent Alejandro Abood, without giving particular details, said that "the new agreement will regulate permitted leverage margins and determine the reports that the Forex trader, which in this case are brokerage firms, must submit to the Superintendency of securities (VPS).
Panama is looking for expressions of interest for the elaboration of policy and regulatory framework for investment activity in the Foreign Exchange Market.
For the PN-L1009 Project entitled "Technical Support for Investment Climate and Trade Adjustment," the Ministry of Economy and Finance has received financing from the Inter-American Development Bank (IDB), and intends to apply part of the funds to hire a consulting firm for the elaboration of policy and a regulatory framework of investment activity in the Foreign Exchange Market (FOREX).
In 2010 $ 2,639 million, 61% higher than 2009, were traded on the Stock Exchange.
The Panama Stock Exchange had never to date experienced a turnover like the one achieved in 2010.
"The stock index (BVPSI), which suffered during the international financial crisis, began 2010 with anemic performances, but recovering during the first quarter of the year and then began to gain momentum," Edith Castillo writes in his article in Prensa.com.
The country's National Securities Commission warns that there are more than 100 unregulated companies registered in the stock market.
The list of unregulated companies is published on the website of Panama's National Securities Commission (CNV), which advises that negotiations with these companies are carried out at the risk of the clients.
"Any companies selling securities should be registered with us, if not they are committing a crime.
The recent increase in the value of the Costa Rican colon versus the dollar is worrisome, not only because there are no clear reasons to explain it, but also because it would be hard to contain it without causing greater problems.
In the past weeks, and without apparent reason, the price of the U.S. dollar in Costa Rica dropped considerably.
Last week we surveyed some financial operators as to why these movements where occurring, the general answer being: “we don’t know”.
10 stock brokerages from Venezuela have filled the paperwork to operate in Panama.
Juan Manual Martans, president of the Panamanian securities commission, was interviewed by newspaper La Estrella. He remarked the stability and favorable conditions of the country's market as reasons behind the interest of these brokerages.
"These licenses allow intermediation activities based in Panama for transactions affecting the Venezuelan market...
The Spanish securities regulator warned of an unauthorized investment firm based in Panama.
According to the communiqué from the Spanish National Stock Exchange, the company with the commercial name Dextraplus (System World Investment Corp), based in Panama, is offering investment services without meeting the necessary requirements.
This company is related to Evolution Market Group, with the commercial name “Finanzas Forex.”