Euro: opening rate today March 13 in Panama

After the opening of the stock exchange euro paid at the start of the day 1.08 balboa on averageso that it implied a change of 1.16% from the previous day’s data, when it scored 1.07 balboas on average.

Considering the last seven days, the euro gets a raise 3.75% and for a year it still accumulates an increase of 5.13%.

Compared to the changes of this day compared to the previous days, add four successive sessions in positive values. The volatility figure is lower than the one accumulated last year, which shows that it has a more stable behavior than the general trend of the last few days.

The Panamanian balboa is legal tender in Panama. and is abbreviated PAB; It is divided into 100 cents and what characterizes it is that it is not an independent currency, but a local version of the American dollar.

The Panamanian administration issues its own coins in hundredths and balboas equivalent to dollars although these currencies are not accepted in the United States . This is also not a unique case, as the Tuvaluan and Kiribati dollars have the same relationship with the Australian dollar.

This link to the US dollar occurred in 1904 after the Panama National Convention. Also, in 2010, the one balboa coin entered circulation, of which 40 million units were issued.

Panamanians did not welcome this new currency and accused its forced use to the detriment of the American bill, which is why the currency was called “Martinelli”in reference to Panamanian President Ricardo Martinelli, who promoted it.

There were also attempts to engrave two- and five-balboa coins, but the project was later cancelled. Today, there are one- and five-hundredth coins in circulation; a tenth, a quarter and a half of a balboa, as well as a balboa.

The latest forecast made by the Economic Commission for Latin America and the Caribbean (Cepal) at the end of last year, by 2023, a decline or exhaustion of the rebound effect is expected in recovery.

For this year, only 1.3% growth is expected for the region, because result of restrictive monetary policiesgreater limitations on budget spending, lower levels of consumption and investment, weak ability to contain inflation and more.

According to ECLAC forecastsMexico would grow by 1.1% by 2023.

These will be the estimated growths for these nations of South America in 2023: Argentina (1%), Bolivia (3%), Brazil (1%); Chile (-0.9); Colombia (1.9%); Ecuador (2%); Paraguay (4%); Peru (2.2%); Uruguay (3%); Venezuela (5%).

For the domain of central America we have: Costa Rica (2.8%), Cuba (1.8%); El Salvador (1.9%); Guatemala (3.3%); Haiti (0%); Honduras (3.3%); Nicaragua (2.1%); Panama (4.2%); and the Dominican Republic (4.7%).

As for the region of Caribbean, the following growth is expected: Antigua and Barbuda (7.8%); Bahamas (4.1%); Barbados (3.5%); Belize (2.0); Dominican (3.5%); Pomegranate (3.6%); Jamaican (3%); Saint Vincent and the Grenadines (3.7%); Saint Lucia (5.9%); Suriname (2.4%); Trinidad and Tobago (2%).