Dollar opening value in Bolivia this March 22 of USD to BOB

At the beginning of the day, the US dollar was paid at the opening to 6.81 Bolivianos on average, which meant a rise of 1.77% compared to 6.69 Bolivianos on average in the previous day.

Compared to last week, the US dollar accumulated a rise of 1.97% and in year-on-year terms it still maintains an increase of 1.06%. If we compare the data with previous dates, it reverses the data of the previous day where it experienced a 1.67% decline, without managing to establish a stable trend in recent dates. The volatility of the last seven days is 18.8%, which is significantly higher than the annual volatility figure (9.72%), which shows that it shows greater variations than the general trend in value.

In the last year, the US dollar has reached a high of 6.82 Bolivianos on average, while its lowest level has been 6.65 Bolivianos on average. The US dollar is positioned closer to its maximum than to its low.

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.

The coins of 10, 20 and 50 cents are currently 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 price 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 measures 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%.

addition, 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.

Bolivia 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.

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