Home » News » Emerging currencies of Latin America, stronger since the conflict in Ukraine

Emerging currencies of Latin America, stronger since the conflict in Ukraine

The covid-19 pandemic caused a global economic crisis, which mainly affected emerging economies and caused their currencies to devalue, as was the case of the Colombian peso, which exceeded $4,000 for the first time in 2020.

Since then, the emerging currencies in Latin America had been struggling to find recovery as the economy revived. But it was only since the Russian invasion of Ukraine that they managed to gain ground against the dollar.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.