Currency Forecasts

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

While the Venezuelan bolivar remains officially fixed against the US dollar at a rate of VEB2,150/US$, its value in the sizeable black market has plummeted in 2007. According to

The devastation caused by the onset of Hurricane Dean in August - which has wreaked havoc upon electricity and water supplies, and provoked the governor-general to declare a state... 2007-08-22

The sol has continued to appreciate on the back of robust domestic demand, combined with a strong external sector. This has taken the unit to a nine-year high of PEN3.1458/US$, slightly... 2007-08-16

In the absence of major external shocks, including natural disasters or an oil price spike, we anticipate stability for the lempira's peg to the US dollar at HNL18.90/US$ over the... 2007-08-09

After trading within the relatively narrow range of ARS3.07-3.11/US$ throughout H107, the Argentine peso has been gradually weakening against the dollar since June, reaching ARS3.13/US$... 2007-08-02