The currency is a Basic change unit in all countries of the world. And in Latin America there is a variety of them, from the Colombian or Argentine weight to the Brazilian real or the Paraguayan Guaraní. But there is one of all that is the strongest in the entire region. Which The strongest currency of Latin America and why?
The Peruvian sun has stood out as the most stable currency in Latin Americanot because of its wealth, but for its stability. In 2024, it only lost 1.5% of its value against the dollar, while other coins in the region suffered more pronounced devaluations.
This was confirmed by the own Central Reserve Bank of Peru, that did an exhaustive study. “The Sun was the strongest currency in Latin America in 2024, by registering the lowest depreciation with respect to the dollar between the main economies of the region,” they stressed in a statement.
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And they added: “As of December 30, the main coins of the region depreciated at a two -digit pace. The Brazilian real increased 27.47 percent, the Mexican peso did it by 21.83 percent, the Chilean weight by 12.49 percent and the Colombian peso by 13.68 percent. ”
Among the factors, as mentioned, the stability of the currency was the key. And this is explained mainly by “The solid macroeconomic fundamentals, the credibility of the Central Bank and its monetary policy, the high level of international reserves and a supervital trade balance, “they officially said.
The most value national currency in the world
Peruvian sun
Source: Istock
By 2024, Dinar Kuwaiti (KWD) is the most valuable national currency on the planetwith a exchange rate of approximately USD 3.24 per KWD. This strength is due to Kuwait’s oil economy, which has about 10% of world oil reserves.
In addition, the country’s monetary policy links its currency to a foreign exchange basket instead of depending on the US dollar, allowing you to maintain a stable exchange rate.
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Is it necessary to save in euros?
Euros
EFE
Many citizens of Latin AmericaThey decide to save in dollars, either as “mattress” in the face of socio -economic crises, or to travel and give luxuries. According to the Gizmodo site, saving in euros can also be an option.
This is because it can be an intelligent strategy If stability and protection are sought against inflation. Being a strong and widely accepted currencyA, offers security in terms of long -term value.
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“However, it is important to consider the fluctuations of the exchange rate. If the local currency is strengthened, the value of your savings in euros could decrease when they convert them. Bank commissions can also be applied in accounts in this currency,” they detailed.
