Exchange Rate in Paraguay
Paraguay - Exchange RateThe economy seems to have contracted more rapidly in the second quarter after shrinking for the first time in over six years in the first quarter. The economic activity indicator fell at a sharper pace, on average, in Q2. This was largely due to falling soybean production amid adverse weather conditions. Consequently, merchandise exports contracted more markedly in the quarter against a challenging trade backdrop. That said, the rate of decline in overall activity eased throughout Q2, thanks to a buoyant services sector and reduced drag by the manufacturing sector. Moreover, a notably softer drop in average remittances and strong credit growth in the quarter hint at a rebound in household consumption. Turning to the third quarter, exports fell less sharply in July, while credit availability remained robust in the month despite moderating somewhat.
Paraguay - Exchange Rate Data
|Exchange Rate (vs USD)||4,598||4,636||5,782||5,848||5,588|
5 years of economic forecasts for more than 30 economic indicators.
Paraguay Exchange Rate Chart
Source: Central Bank of Paraguay.
|Exchange Rate||6,248||0.18 %||Sep 04|
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