The Real has taken a right battering, but the interesting one is the Peru Nuevo Sol. Its Central Bank has been pretty aggressive in protecting the PEN from downside and considering that Chile and Peru have similar exports mixes, there’s the type of gap beginning to appear that would appeal to the currency futures traders.
Chart of the day is…
…a comparative of the major traded LatAm regional currencies to the US Dollar in the last three months:
click on chart to enlarge and for sharper focus
And by the way, “major currencies” of the region do not include the Argentine Peso or Venezuelan Bolivar Fuerte any longer. One look at the internal parallel rates for those currencies will give you a very big clue as to why.