Regarding the performance of other emerging currencies, the peso ranked as the second best intraday performance, only behind the Russian ruble, with 1.95% and followed by the Polish zloty, with 0.98%; the Brazilian real, with 0.76% and the Hungarian forint, with 0.64%.
“We have seen a strong exchange rate, we continue to see that it is being driven by remittances, tourism, the rate differential it has with respect to the United States, the issue of credit rating, the issue of record foreign direct investment in the last year and that we still see a strong increase for this year, they have made the exchange rate look quite strong, so we are already revising our estimates with this new floor,” said Juan Rich, director of analysis and strategy at Gruoo Financial Go for More.
The performance of this Wednesday earned it to remain one of the best emerging currencies against the dollar, since in the year it registers an appreciation of almost 11.10%, followed by the Hungarian forint, with 10.95%; the Chilean peso, with 7.98%; the Colombian peso, with 6.71% and the Brazilian real, with 6.69%.