Major Latam & Caribbean Stock Indexes and Exchange Rate Changes in Q1-2013

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 – 1ST QUARTER 2013

LATIN AMERICA/CARIBBEAN

COUNTRY 1ST QUARTER PCT CHANGE
ARGENTINA MERVAL-Local Currency

18.36%

ARGENTINA MERVAL-US$

14.31%

BRAZIL BOVESPA-Local Currency

-7.55%

BRAZIL BOVESPA-US$

-6.16%

COLOMBIA IGBC-Local Currency

-3.94%

COLOMBIA IGBC-US$

-7.26%

JAMAICA MAIN INDEX-Local Currency

-11.34%

JAMAICA MAIN INDEX-US$

-17.00%

MEXICO-Local Currency

0.81%

MEXICO-US$

6.05%

MSCI LATIN AMERICA-Local Currency

-1.55%

MSCI LATIN AMERICA-US$

0.40%

MSCI EMERGING MARKETS-Local Currency

-0.74%

MSCI EMERGING MARKETS-US$

-1.92%

Sources: Stock exchange websites, Financial Times, Advansa International data

1ST QUARTER 2013 EXCHANGE RATE CHANGE

LATIN AMERICA/CARIBBEAN

COUNTRY 1ST QTR PCT CHG YTD MAR PCT CHANGE
ARGENTINA

-4.05%

-4.05%

BRAZIL

1.38%

1.38%

CHILE

1.51%

1.51%

COLOMBIA

-3.32%

-3.32%

COSTA RICA

2.17%

2.17%

JAMAICA

-5.66%

-5.66%

MEXICO

5.24%

5.24%

PERU

-1.60%

-1.60%

TRINIDAD & TOBAGO

0.08%

0.08%

Sources: Financial Times, Advansa International data

Table 1 shows 2012 stock market returns for several markets through March 29 2013. While MSCI index for the region was nearly unchanged, there were noticeable gains and losses in several countries. These were consistent with the economic performance of the the larger countries. The Bovespa in Brazil was down as Brazil’s economy has slowed down while the Mexican exchange is up reflecting that country’s recent growth as well as the possibility of reforms by the new administration.

Currency movements also were influenced by economic growth or lack thereof as well as governments’ ability to manage inflation. Brazil’s real was up slightly during Q1. In Argentina inflation has continued to depress the peso.

Mexico has managed to maintain a strong peso even with short term interest rates falling, suggesting increased confidence in the government’s ability to maintain price and monetary stability.

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