Currency Forecasts

The Banco de la República de Colombia (BanRep)'s unexpected decision to hike the benchmark interest rate by 25 basis points (bps) to 9.50% in November has helped stabilise the peso.... 2007-12-06

Our call for a one-off move in the Costa Rican colón has played out, with the Banco Central de Costa Rica 's (BCCR) decision on November 21 to shift the band within which the currency... 2007-11-29

The Peruvian sol has experienced rapid appreciation since the beginning of the year, rising from PEN3.1940/US$ to its current level of PEN2.9960/US$. The currency's rally accelerated... 2007-11-21

Shrugging off recent turbulence in global credit markets, the Brazilian real is once again flirting with our long-held target of BRL1.7000/US$. The currency's bull run in recent years... 2007-11-15

The Bolivian boliviano has experienced unprecedented appreciation this year, on the back of US dollar weakness and an improvement in the country's balance of payments. The Banco Central... 2007-10-31

With the peso slowly settling down towards a plateau at DOP33.50/US$, currency stability should remain the order of the day in the Dominican Republic. Modest depreciation has been... 2007-10-17

The Chilean peso has continued to appreciate in recent weeks on the back of US dollar weakness, combined with a robust external sector. The unit recently broke through seven-year... 2007-10-03

The re-pricing of the Mexican peso in the wake of global market tremors in August has been relatively modest. Indeed, the immediate adjustment to MXN11.32/US$ on August 16 was nowhere... 2007-09-26

The Banco Central de Nicaragua (BCN) has a long-standing policy of a controlled depreciation of the córdoba, at a rate of 5% a year. Given our view that this parameter is likely... 2007-09-13

A deteriorating technical picture, brought on by a net outflow of short-term capital, has left the Colombian peso at the mercy of global risk sentiment and volatility in external... 2007-08-30