Exchange Rate in Guatemala
Guatemala - Exchange Rate
The economy will have expanded at an accelerated rate in the second quarter. Economic activity growth gained steam in the quarter, reaching an all-time high in May. This, coupled with notably stronger growth in merchandise imports in the quarter, suggests domestic demand firmed. Moreover, growth in remittances gained steam in the quarter, boding well for household spending. At the same time, markedly firmer growth in goods exports highlights healthier external demand. Turning to the third quarter, growth in both merchandise exports and imports continued apace in July, hinting at an ongoing recovery in demand dynamics. Moreover, growth in economic activity remained in the double-digits in the same month, while remittances reached an all-time high in USD terms in August. However, authorities maintained various Covid-19 restrictions through late August, likely impeding the recovery in activity somewhat.Guatemala - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 7.63 | 7.52 | 7.35 | 7.73 | 7.71 |
Guatemala Exchange Rate Chart
Source: Guatemala Central Bank and FocusEconomics calculations.
Guatemala Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 7.71 | 0.22 % | Jan 01 |
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Economic News
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Guatemala: Economic activity growth loses steam in July on a less favorable base effect
September 9, 2021
Economic activity increased 10.6% in July over the same month a year prior, cooling somewhat from the 13.9% increase recorded in June.
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Guatemala: Remittances inflows reach record-high value in August
September 9, 2021
Remittances totaled a record-high of USD 1,388.6 million in August, rising 32.2% year-on-year (July: +25.5% yoy).
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Guatemala: Inflation plunges to lowest level since July 2020 in August
September 9, 2021
Consumer prices increased 0.21% from the previous month in August, following the 0.33% rise seen in July.
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Guatemala: Central Bank keeps rate unchanged in August amid well-anchored inflation expectations
September 7, 2021
The Monetary Board of the Central Bank of Guatemala (Banguat) opted to stand pat at its 25 August meeting, leaving the monetary policy rate unchanged at the all-time low of 1.75%.
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Guatemala: Inflation remains steady in May
August 10, 2021
Consumer prices increased 0.33% from the previous month in July, picking up from the 0.19% increase logged in June.
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