Currency Forecasts

The Mexican peso has been slowly appreciating from a low of MXN11.70/US$ since Q104, trading within a range of MXN10.60-11.50/US$ since Q106. In the short term, we expect the currency... 2008-02-21

There is little evidence to suggest that a nominal adjustment of the Trinidad & Tobago dollar is on the agenda anytime soon, despite the upward pressure imposed by the country's... 2008-02-14

Having flown against the US dollar for much of the past two years, the Paraguayan guarani is taking a breather. The currency has been range bound between PYG4,630-4,810/US$ since... 2008-02-07

The weakness of the Venezuelan bolivar in the parallel market has been well-documented. Its black-market value has fallen dramatically since the currnecy was initially pegged to the... 2007-12-21

Soaring inflation is forcing the central bank ( Banguat ) to raise interest rates, and we believe that further tightening will be the catalyst for upside in the quetzal. Although... 2007-12-13

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