…the five major regional trading currencies versus the US Dollar, three month timespan:
In order of weakness versus the Greenback, your offerings are:
- The Brazilian Real (BRL)
- The Chilean Peso (CLP)
- The Colombian Peso (COP)
- The Peruvian Nuevo Sol (PEN)
- The Mexican Peso (MXN)
Of the five, the Colombian Peso’s recent drop has been grabbing headlines but the real fun one for me in the Chilean Peso, because its weakness is studiously ignored by all those who hold up that country’s economy as their grand model. The same people who rail against the nasty uppity lefty countries for being primary export addicts, but ignore the fact that copper accounts for over half of everything Chile exports. Ah, bless ’em.