Exchange Rate in Guatemala
Guatemala - Exchange RateThe blow from Covid-19 and associated containment measures will have intensified in the second quarter after hammering the economy in the first quarter. Economic activity in April contracted at nearly twice the speed of the month prior, and remittances plunged in Q2 despite rebounding in June. Plummeting remittances came on the back of spiking unemployment in the United States, where most remittances originate; remittances are a key source of household income and this suggests that consumption fell in the second quarter. Moreover, imports dived in April, hinting at weakening domestic demand, while exports contracted notably in the same month as a result of extinguished foreign demand. Boding ill for the third quarter, the state of emergency was extended to 5 August, signaling that the economy will remain in the doldrums.
Guatemala - Exchange Rate Data
|Exchange Rate (vs USD)||7.63||7.52||7.35||7.73||7.71|
5 years of economic forecasts for more than 30 economic indicators.
Guatemala Exchange Rate Chart
Source: Guatemala Central Bank and FocusEconomics calculations.
|Exchange Rate||7.71||0.22 %||Jan 01|
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August 10, 2020
Consumer prices rose 0.42% in July over the last month, slowing down from June's 1.41% increase.
August 6, 2020
Remittances totaled a record-high USD 1,078 million in July (June: USD 963.3 billion), representing a 13.8% year-on-year increase—a five month high.
July 17, 2020
Economic growth eased markedly in the three months ending in March, with GDP expanding a meager 0.7% year-on-year in the first quarter.
July 16, 2020
Economic activity in Guatemala contracted 11.8% year-on-year in May, deteriorating from April’s revised 10.7% fall.
July 9, 2020
Consumer prices increased 1.41% in June over the last month, accelerating from May's 0.19% increase.