Dollar Closes with Subtle Regional Changes
- dollar experienced instability in Venezuela's parallel market, closing down 5.01% on Friday, March 28. Globally, currencies showed mixed performance.
- For the third consecutive day, the dollar was quoted at 1.07 euros in Europe.The euro remains a strong currency, considered a safe haven for investors.
- In the British market,the dollar traded at 1.29 pounds sterling.
Currency Exchange Rates: A Global Snapshot
Table of Contents
A look at how major currencies are performing in global markets.
Global Overview
MIAMI — the U.S. dollar experienced instability in Venezuela’s parallel market, closing down 5.01% on Friday, March 28. Globally, currencies showed mixed performance.
European Market
For the third consecutive day, the dollar was quoted at 1.07 euros in Europe.The euro remains a strong currency, considered a safe haven for investors.
British market
In the British market,the dollar traded at 1.29 pounds sterling. The pound maintains a strong position in the Forex market after the UK’s departure from the Eurozone in January 2020.
Japanese Market
The dollar edged higher against the yen in Japan, moving from 150.50 to 150.85 yen, according to the Japanese issuing entity. The yen,along with the dollar,euro,and pound,is considered a major currency in the exchange market.
Exchange Market in the Region
Mexico
The dollar saw an increase of 1.10% in Mexico, closing the week at 20.31 Mexican pesos, according to the Azteca Central Bank. This rate serves as a benchmark for daily exchange activity.
Argentina
Argentina’s official exchange rate reached 1,102.76 pesos. Measures implemented in early 2024 have reduced the gap between the official and parallel (“blue”) market rates. The “blue” dollar maintains a rate of 1,300 Argentine pesos, an 18% premium.
cuba
in Havana, the official exchange rate remains fixed at 24 Cuban pesos as March 2005, while the parallel market saw a slight increase of 0.30%,reaching 353 Cuban pesos.
Dollar in Venezuela and Colombia
Venezuela
in Caracas,the official rate closed the week at 69.44 bolivars.The parallel market saw a 5.01% decrease, placing it at 101.59 bolivars, a gap of over 46% above the official rate. The Venezuelan black market had seen an increase of 19.77% this week alone.
Colombia
The dollar advanced to 4,152.59 Colombian pesos, according to the Bank of the Republic. Colombia’s annual inflation rate to February was 5.28%, according to figures from the National Administrative Department of Statistics (DANE).
# Currency Exchange Rates: A Global Snapshot
A look at how major currencies are performing in global markets.
## How are major currencies performing globally?
The U.S. dollar showed mixed performance in global markets. While the dollar experienced instability in the Venezuelan parallel market, currencies overall showed mixed performance.
## What is the current exchange rate between the Dollar and the Euro?
The dollar was quoted at 1.07 euros in Europe for the third consecutive day. The euro is considered a safe haven for investors.
## How is the Dollar performing in the British market?
In the British market, the dollar traded at 1.29 pounds sterling. The pound remains strong, which is relevant after the UK’s departure from the Eurozone in January 2020.
## how is the U.S. Dollar performing against the Japanese Yen?
The dollar edged higher against the yen in Japan, moving from 150.50 to 150.85 yen.
## How do exchange rates vary within the Latin American region?
### Mexican Peso
The dollar saw an increase of 1.10% in Mexico, closing the week at 20.31 Mexican pesos, according to the Azteca Central Bank.
### Argentine Peso
Argentina’s official exchange rate reached 1,102.76 pesos. The “blue” dollar maintains a rate of 1,300 Argentine pesos.
### Cuban Peso
In Havana, the official exchange rate remains fixed at 24 Cuban pesos since March 2005, while the parallel market saw a slight increase of 0.30%, reaching 353 Cuban pesos.
## What is the situation of the Dollar in Venezuela and Colombia?
### Venezuelan Bolívar
In Caracas,the official rate closed the week at 69.44 bolivars. The parallel market saw a 5.01% decrease, placing it at 101.59 bolivars, a gap of over 46% above the official rate. The Venezuelan black market saw an increase of 19.77% this week alone.
### Colombian Peso
The dollar advanced to 4,152.59 Colombian pesos, according to the Bank of the Republic, with an annual inflation rate to February of 5.28%.
## Summary Table of Currency Exchange Rates
| Currency | Market | Exchange Rate | Notes |
| —————— | ————— | ————————— | ——————————————————————————— |
| Euro (EUR) | European | 1.07 per USD | Considered a safe haven.|
| British Pound (GBP) | British | 1.29 per USD | pound maintains strength post-Brexit. |
| Japanese Yen (JPY) | Japanese | 150.85 per USD (approx.) | The dollar edged higher against the yen.|
| Mexican Peso (MXN) | mexican | 20.31 per USD (approx.) | 1.10% increase for the dollar this week. |
| Argentine Peso (ARS)| Argentine | 1,102.76 per USD (official) | ”Blue” dollar at 1,300, measures have reduced the gap between the official and parallel. |
| Cuban Peso (CUP) | cuban | 24 per USD (official) | Parallel market rate considerably higher. |
| Venezuelan Bolívar (VES) | Venezuelan | 69.44 per USD (official) | Parallel market at 101.59: a 5.01% decrease. Black Market increased 19.77%.
| Colombian Peso (COP)| Colombian | 4,152.59 per USD (approx.) | Inflation rate to February at 5.28%. |
### Source
Data from central banks of various countries and their parallel market data.