Paraguay's currency steadily becoming a 'strong' currency based on positive indicators

Monday, July 14th 2014 - 23:09 UTC

Full article 3 comments

The Paraguayan currency, Guaraní, is expected to revalue 1.4% against the US dollar by the end of the year becoming one Latam's strongest given its positive macroeconomic indicators. This follows a strong performance during the first half of the year when the price of the dollar in the capital Asunción wholesale money exchanges dropped from 4.450 Guaraní to 4.240, according to private consultants “Consensus Economics”. Read full article

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redp0ll
Yes a really healthy economy. They also export 90% of the electricity they produce to Brazil at knock down prices and to Argentina when the poteños remember to pay the bill.
Add to that the oil and gold prospects so far largely un explored and I think they are on a winner.
Jul 15th, 2014 - 01:46 am - Link - Report abuse 0
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yankeeboy
In a decade if Argentina and Paraguay continue on the same path, Argentinians are going to be going to Paraguay for a better life instead of the other way around.
I had a Paraguayan couple that worked for me at my Quinta, when I left they went back to Paraguay because the were better opportunities there than in Argentina.
Jul 15th, 2014 - 01:04 pm - Link - Report abuse 0
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Z-ville
Does GM know about this?
Jul 15th, 2014 - 03:38 pm - Link - Report abuse 0
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