Exchange Rate in Trinidad and Tobago
Trinidad and Tobago - Exchange RateEconomic conditions have worsened notably as the fallout from the Covid-19 pandemic depresses both domestic and external demand. Containment measures have led to disruptions and closures throughout the island, while the global economy has ground to a halt. Moreover, the collapse of oil and gas prices has hammered the vital energy sector, which is also a major source of government revenues. On 27 April, in the wake of collapsing revenues, the finance minister announced that the government now expects a revenue loss of TTD 9.2 billion and that the fiscal deficit will soar to a TTD 15.5 billion shortfall this fiscal year, exacerbated by higher costs related to the health crisis (previously: TTD 5.3 billion deficit). On a brighter note, the government began relaxing some social distancing measures in May, allowing food vendors and hardware stores among others to open.
Trinidad & Tobago - Exchange Rate Data
|Exchange Rate (vs USD)||6.42||6.71||6.77||6.81||6.76|
5 years of economic forecasts for more than 30 economic indicators.
Trinidad & Tobago Facts
|Exchange Rate||6.76||0.39 %||Jan 01|
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