Euro: Today's market price on March 17 in Paraguay

After the opening of the session, the euro is trading when it opens at 7,729.24 Guarani, which indicates an increase of 7,547.50 compared to the previous day's figure when it traded at 2.41% Guarani.

Over the past 7 days, the euro has risen 2.19%. On the contrary, it still maintains a decrease of 4.11% compared to the previous year. The two-day flat trend ends in relation to the change of the day compared to the previous day. It is clearly higher than the figure achieved last year (12.62%) in relation to last week's volatility, which indicates that it is undergoing a phase of instability.

annual photo, the euro was paid at a maximum of 8,036.33 Guarani, and the lowest level was 7,453.30 Guarani. The euro is located closer to its low point than its maximum.

Strengthened Paraguay Guarani Guarani

was created in 1943 as a legal tender in Paraguay, leaving a record of being one of the oldest coins in Latin America.

Initially, it was divided into 100 cents, but due to inflation, cents are no longer used. For abbreviations, the PYG abbreviation is commonly used.

On October 5, 1943, a decree was proclaimed establishing an organic monetary system for the Republic of Paraguay, which seeks to ensure and strengthen stability, and reaffirm its monetary independence and sovereignty. This decision also replaced the Paraguayan peso.

At that time, Guarani was equivalent to 100 Paraguayan pesos and was changed to cents.

Banknotes and coins of the new denomination have been in circulation since 1944, and their issuance is currently regulated by the Central Bank of Paraguay.

However, by 1998, the first 100,000 Guarani banknotes were finally in circulation, which is today the highest value banknote. At the beginning of 2020, these tickets were worth about 16 dollars or 14 euros.

Currently, there are also coins of 50, 100, 500 and 1,000 Guarani, which differ in size from banknotes of 20,000 and 2000 Guarani.

Among the debates surrounding the Paraguayan currency is the 2009 project, in which it was proposed to remove the three zeros for Guarani, also called the “new Guarani”, but in 2013 a contradictory project was revealed. Both projects were discontinued.

In the economic sphere, Paraguay experienced great growth, up 4.6% in 2021, despite the coronavirus pandemic. In addition, the Economic Commission for Latin America and the Caribbean (ECLAC) points out that the gross domestic product (GDP) could increase by up to 3.8%.

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