Latin America: Currencies Worsen

Brazil's real leads Latin American currency depreciation in the third quarter. (Photo: CRASP)

Brazil and Colombia lead Latin America FX losses in the third quarter.


Brazil and Colombia saw double-digit depreciations of their currencies in the third quarter, but nearly all countries in Latin America also experienced a weakening of their exchange rates compared with the US dollar, according to a Latinvex analysis of 13 countries in the region. The analysis excludes Venezuela (which has several official exchange rates) and the dollarized economies Panama, Ecuador and El Salvador.

The depreciation varied strongly by country but countries that saw a major currency impact in the quarter include...

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Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Guatemala, Honduras, Mexico, Nicaragua, Nomura, Peru, Standard & Poors, Standard Chartered Bank, Uruguay