exchange rule
On Thursday, March 6, the Bank of Guatemala (Banguat) intervened in the exchange market and went out to buy US $ 100 million. The authorities explained the reason.
The Banguat intervened this week, in the exchange market when the participation rule is activated. (PHOTO FREE PRESS: PL hemeroteca)
The central bank participated on Thursday, March 6, in the exchange market and He went to buy US $ 100 millionaccording to the official report.
That is the maximum amount to participate in a day, and that is what attracts the attention of economic agents.
Álvaro González Ricci, president of the Bank of Guatemala (Banguat), explained some of the reasons when asked: “The participation of the Central Bank in the Institutional Market of Currencies on March 6, 2025 (which was to buy about US $ 100 million) responds to the activation of the participation rule, given that volatility triggers activated said rule”
He reiterated that central bank does not modify the trend of the nominal exchange rate, but only moderates volatility.
What is the trend?
By consulting him about the tendency of the exchange rate in the domestic market, he announced that In the first two quarters of each year, a tendency to appreciation is usually observed, since there are more currency income through the path of family remittances and exports, than the expenditures or imports.
Also, what So far this year the Banguat has left to buy US $ 551.5 million And it has been selling US $ 164.0 million, that is, net purchases for US $ 387.5 million, concluded the central bank official.
The reference for this Friday, March 7 and the weekend of the exchange rate for the central bank is Q7.70 for US $ 1.