Latin America: change in currency exchange rates to USD after COVID-19 in 2020
COVID-19 pandemic spread in the American continent. Between March 2 and May 28 of 2020, the Brazilian real lost almost 16% of its value in comparison to the U.S. dollar. The Peruvian sol is one of the Latin American currencies that has shown the best performance since the beginning of this crisis.
Due to the coronavirus outbreak, economic and financial markets worldwide have been experiencing periods of stress, and the foreign exchange market is not the exception. Among the Latin American currencies shown in this graph, the Brazilian real has experienced the highest depreciation in relation to the U.S. dollar since the