Currency Forecasts

The Peruvian nuevo sol should remain one of the better performing majors in Latin America in the short term, largely thanks to the central bank's eagerness to defend the currency... 2008-12-09

After drawing a line under our bullish outlook towards the Colombian peso back in August, the currency has sold off some 25% against the US dollar, to close at COP2,361/US$ on December... 2008-12-03

The ongoing weakening of the US dollar against major currencies could provide some support for the Brazilian real in the short term, potentially setting up a move towards our near-term... 2008-11-27

Having broken through its five-year narrow trading band to the weak side, the Argentine peso looks poised for further depreciation. The currency is currently trading at ARS3.3660/US$,... 2008-10-29

Solid macroeconomic fundamentals and an increasingly mature financial sector continue to drive the Uruguayan peso to new multi-year highs, with the peso currently trading along key... 2008-07-03

Despite the Paraguayan guaraní's phenomenal run - the currency has appreciated by some 36% since early 2006 - BMI sees scope for further gains versus the dollar, at least in the... 2008-06-19

We have trimmed our end-2008 FX forecast for the Peruvian sol to PEN2.6500/US$ from PEN2.5000/US$ previously. Central bank interventionary measures and deteriorating (albeit still... 2008-06-13

The Guatemalan quetzal continues to move in our favour, strengthening by 3% to around nine-year highs of GTQ7.4100-7.4300/US$ so far in 2008. In the past, the central bank ( Banguat... 2008-06-04

Our short-term outlook for the Argentine peso remains unchanged despite the heightened activity in the exchange rate market - we still anticipate choppy range trading within the ARS3.1200-3.1900/US$... 2008-05-21

In the short-term, we expect the fast pace of the Colombian peso's appreciation to come off slightly and for it to consolidate its considerable upside gains thus far at around COP1,800/US$.... 2008-05-15