Major Latam & Caribbean Stock Indexes and Exchange Rate Changes in Q4

 

 

Latin America and the Caribbean

 

 

Advansa International follows exchange rates and stock market indexes for several emerging and frontier markets. Exchange rates and stock indexes are recorded on the last trading day of the week. The tables below show changes from the last trading day of the last full week of the quarter for several key markets in Latin America, and the Caribbean.

Table 1 

 

 

 

 STOCK MARKET INDEX TRACKER 4TH QUARTER 2012

LATIN AMERICA/CARIBBEAN

COUNTRY

4TH QUARTER PCT CHANGE

ARGENTINA MERVAL-Local Currency

20.71%

ARGENTINA MERVAL-US$

16.18%

BRAZIL BOVESPA-Local Currency

3.00%

BRAZIL BOVESPA-US$

2.24%

COLUMBIA IGBC-Local Currency

4.69%

COLUMBIA IGBC-US$

6.59%

JAMAICA MAIN INDEX-Local Currency

6.06%

JAMAICA MAIN INDEX-US$

2.73%

MEXICO-Local Currency

6.99%

MEXICO-US$

6.00%

MSCI LATIN AMERICA-Local Currency

4.08%

MSCI LATIN AMERICA-US$

3.43%

MSCI EMERGING MARKETS-Local Currency

4.94%

MSCI EMERGING MARKETS-US$

5.24%

Sources: Stock exchangewebsites, Financial Times, Advansa International data

 

 

 

 

Table 2

 

 

 

4TH QUARTER 2012 EXCHANGE RATE CHANGE

LATIN AMERICA/CARIBBEAN

COUNTRY

4TH QTR PCT CHG

YTD

DEC PCT CHANGE

ARGENTINA

-4.53%

-12.41%

BRAZIL

-0.76%

-8.76%

CHILE

5.85%

8.48%

COLOMBIA

-0.90%

9.69%

COSTA RICA

1.90%

0.46%

JAMAICA

-3.33%

-6.88%

MEXICO

-0.99%

7.47%

PERU

1.88%

5.81%

TRINIDAD & TOBAGO

0.05%

-0.06%

Sources: Financial Times, Advansa International data

 

Table 1 shows 2012 stock market returns for several markets through December 28, 2012. In what was expected to be a year of mixed performance for emerging markets, all the stock indexes on our list were up for the quarter with Argentina the star both in Latin America and overall. Other markets showed small gains helped by strong currencies which improved the US dollar returns.

Brazil’s currency continued to weaken during Q4, due as much to the slowing of the economy and the central banks loose monetary stance in response. In Argentina consumers and investors are seeing signs of rising inflation (despite official statistics indicating otherwise) which has been a consistent drag on the peso.

Meanwhile strong economic performance in Mexico, Peru, and Colombia have attracted traders and investors and strengthened their local currencies.

 

 

 

 

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