Currency Update: August 2025

In August 2025, exchange rates were influenced by economic conditions and government interventions. In Paraguay, the guarani has appreciated as a result of a strengthening economy and actions by the Central Bank. The Venezuelan bolivar has further depreciated as the country continues to see high inflation and the Central Bank has pulled back its interventions.

Global Currencies Gaining Value Against the U.S. Dollar:

PYG – Paraguayan Guarani

The Paraguayan guarani has strengthened as economic conditions improve.  GDP growth has remained steady while inflation has remained low, both of which have increased demand for the guarani.  In addition, the Central Bank of Paraguay has been selling US dollars, increasing liquidity.

Global Currencies Losing Value Against the U.S. Dollar:

VES - Venezuelan Bolivar

The Venezuelan bolivar has weakened sharply over the past month due to a shortage of foreign currency caused by U.S. sanctions limiting oil revenue. The Central Bank has reduced dollar injections, offering less support for the exchange rate while facing continuous inflation and ongoing depreciation. Government crackdowns on independent exchange rate reporting have further diminished public confidence. As a result, demand for cryptocurrency has increased, allowing people to bypass the bolivar entirely.

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