Bolivia currency markets show rising exchange rates for Euro and Dollar

The Euro and US Dollar are experiencing upward trends against the Bolivian Boliviano. On October 30, the Euro opened at 13.52 Bolivianos, representing a 3.76% increase from the previous rate of 13.03. The Euro has seen a 70.28% year-on-year increase.

Simultaneously, the official US Dollar rate set by the Central Bank of Bolivia (BCB) has surpassed 12 Bolivianos. As of October 29, the official rate reached 12.12 Bolivianos, following a steady climb from 11.88 Bolivianos earlier in the week.

These shifts occur amid broader economic uncertainty in Bolivia. While the official exchange rate remains at 6.96 Bolivianos, market operations increasingly rely on new market values. Economic forecasts for the country include a projected inflation rate of up to 17% and a potential GDP recession of 1.1% by 2026, according to World Bank estimates.