The Asunción Stock Exchange (BVA) handled 4.2 trillion guaraníes in August, about US$709 million at the reported exchange rate, a 33.1% drop from July and a 13.6% decline compared with August 2025.
The slowdown followed July’s exceptional performance, when the issuance of Treasury Bonds—debt securities issued by the Paraguayan state for domestic financing—boosted trading volume.
Through August, transactions totaled 37.917 trillion guaraníes, just over 2% below the 38.710 trillion recorded in the same period of 2025. The data show that Paraguay’s capital market maintained a high volume but lost momentum year on year.
The local currency predominated in August’s transactions: 79.1% of trades were conducted in guaraníes, while 20.9% involved dollars. The composition highlights the importance of financing and asset trading in the Paraguayan currency in the domestic market.
The secondary market, which covers the resale of already-issued securities, accounted for 96% of operations. The remaining 4% took place in the primary market, which is used to issue new securities.
Bonds accounted for 94.1% of the instruments traded during the month. Shares represented 5.6%, and investment funds 0.3%. The concentration in fixed-income securities helps explain why large public issuances can cause significant monthly changes in the BVA’s results and points to the Paraguayan capital market’s reliance on this type of financing.