After the opening of the trading session, the euro is paid at the opening to 7.46 Bolivianos on average, which represented an increase of 1.21% compared to the previous day's figure, when it traded at 7.37 Bolivianos on average.
Compared to the last seven days, the euro marked an increase of 0.95%; on the contrary, for a year it has still maintained a decline of 9.11%. With respect to previous days, it chains three dates followed by positive numbers. The volatility figure is 9.9%, which is significantly higher than the annual volatility figure (7.43%), which shows that it varies more than the general trend in value.
In the annual photo, the euro has even changed by a high of 7.76 Bolivianos on average, while its lowest level has been 7.28 Bolivians on average. The euro is positioned closer to its low than its maximum.
Uncertainty for the Bolivian Boliviano
The Bolivian has been the legal tender of Bolivia since 1987 and is divided into 100 cents, formerly the Bolivian peso was used but it was replaced. The Central Bank of Bolivia is the body responsible for regulating the issuance of currency.
Today, coins of 10, 20 and 50 cents are in circulation, as well as 1, 2 and 5 Bolivianos. In 1988 a Bolivian was equal to one US dollar.
As for creation, the Bolivian currency stopped its minting and printing during colonial times due to a lack of political interest, which would eventually cause coins and banknotes to be created abroad because of the low cost that this implies. In 2013 they were still manufactured in countries such as the United Kingdom, France and Chile.
As for the economy, in 2014 Bolivia resorted to high public spending and growing domestic credit to maintain its growth, but these decisions resulted in increased public debt and reduced international reserves.
As in other countries, the coronavirus pandemic severely affected Bolivia's economy, although inflation was not as high as in other Latin American nations, closing 2021 with 0.90 percent.
According to forecasts made this year by the World Bank, Bolivia will grow by only 3.7% by 2022, however, President Luis Arce has challenged these forecasts and assured that Gross Domestic Product (GDP) could grow by up to 6%.
Inaddition, the country closed 2021 with a trade surplus of $1.471 million, the first in the last six years, where annual negative balances were recorded in the balance. In addition to these conditions, unemployment has increased by 5.2 per cent.
The country is also facing global efforts to move to clean energy, so these conditions will prompt one of the largest gas-exporting countries to seek alternatives.
Agencies
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