Paraguays Guarani and Forex Market Dynamics Explained

Paraguays Guarani and Forex Market Dynamics Explained

This article delves into Paraguay's official currency, the Guarani (PYG), and its exchange rate situation, particularly in relation to the US dollar (USD). By analyzing the market characteristics and exchange rate dynamics of the Guarani, practical information is provided for investors and travelers to aid in decision-making.

Paraguays Guarani Weakens Against US Dollar Amid Exchange Trends

Paraguays Guarani Weakens Against US Dollar Amid Exchange Trends

The latest exchange rate between the Paraguayan guarani and the US dollar shows that 1 guarani is approximately equal to 0.000013344672 USD, with a volatility of 2.58% over the past 30 days. This change reflects the impact of international market trends on the local economy. Consumers and businesses should closely monitor exchange rate dynamics to optimize their trading decisions.