Foreign Exchange Market Indicators and Outstanding BRH Bonds, Week of September 7 to 11, 2020

The note belongs to a regular series in which the BRH publishes key indicators on foreign exchange market transactions and BRH bonds. The BRH states that it wants to reduce information asymmetry, which it says feeds the public's impatience for dollars and the accelerated depreciation of the gourde, and to give the public a basis for better portfolio choices.

Commercial banks bought USD 58,774,704.07 at a weighted average rate of 95.0221 gourdes per dollar and sold USD 58,857,376.58 at an average rate of 97.9537 over the week. The note reports the outstanding BRH bonds by intermediary and by actor, in three maturities of 91, 182 and 364 days. The note defines the average purchase and sale rates, the spread and the estimated exchange gain, and it is issued by the International Affairs Directorate (DAI) of the BRH.