Finance / Guatemala
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
An Uninspiring Picture
August 2005 | Currency ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.
The gentle but sustained rally of the quetzal, which strengthened by 6% since the start of 2004, has come to a conclusion. As we suggested in our January forecast, the unit met resistance at around GTQ7.580/US$ in April, and has since been restrained at this level by central bank dollar purchases. Further gains are likely to be limited in the near term, and in the context of a relatively weak economy, we do not expect the unit to come under significant upside pressure over the coming months.