Major Latam Stock Indexes and Exchange Rate Changes in Q4-2013

 

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 TRACKER4TH QUARTER 2013

LATIN AMERICA/CARIBBEAN

COUNTRY

4TH QUARTER PCT CHANGE

ARGENTINA MERVAL-Local Currency

21.57%

ARGENTINA MERVAL-US$

10.76%

BRAZIL BOVESPA-Local Currency

-4.60%

BRAZIL BOVESPA-US$

-8.78%

COLUMBIA IGBC-Local Currency

-7.83%

COLUMBIA IGBC-US$

-8.05%

JAMAICA MAIN INDEX-Local Currency

-7.14%

JAMAICA MAIN INDEX-US$

-10.09%

MEXICO-Local Currency

4.52%

MEXICO-US$

5.15%

MSCI LATIN AMERICA-Local Currency

-1.61%

MSCI LATIN AMERICA-US$

-4.20%

MSCI EMERGING MARKETS-Local Currency

0.79%

MSCI EMERGING MARKETS-US$

-0.23%

Sources: Stock exchangewebsites, Financial Times, Advansa International data

 

 

Table 2

 

4TH QUARTER 2013 EXCHANGE RATE CHANGE

LATIN AMERICA/CARIBBEAN

COUNTRY

4TH QTR PCT CHG

YTD

DEC PCT CHANGE

ARGENTINA

-10.81%

-24.33%

BRAZIL

-4.18%

-13.10%

CHILE

-4.07%

-8.58%

COLOMBIA

-0.22%

-7.90%

COSTA RICA

-0.46%

1.48%

JAMAICA

-2.96%

-12.77%

MEXICO

0.62%

-0.54%

PERU

-0.29%

-8.49%

TRINIDAD & TOBAGO

0.16%

0.15%

Sources: Financial Times, Advansa International data

 

Table 1 shows stock market returns for several markets through December 27, 2013. Several of the regions stock markets posted strong gains, consistent with the MSCI index which rose almost 6% in local currency. The Merval exchange in Argentina was the biggest gainer, up nearly 22% for the quarter driven by big gains by YPF, Tenaris, along with Comercial la Plata and Edenor Ord. The Bovespa in Brazil was down 4.6% as most major issues registered big gains. Mexico and Trinidad & Tobago were also up, with Mexico gaining about 4.5% and Trinidad up less than 1%

 

Except for Costa Rica, Mexico and Trinidad all currencies covered in this report were down for the quarter and all but Costa Rica and Trinidad were down for the year. Slower GDP growth plus increased inflationary pressures depressed most currencies in Latin America, particularly in Brazil and Argentina. Mexico is proving the exception among the larger countries as it benefits from the US recovery

 

 

 

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