Expectations for the dollar exchange rate in Paraguay fell in May, according to the latest Survey of Expectations of Economic Variables (EVE) from the Central Bank of Paraguay (BCP). The median projection for the month went from G. 6,500 in April to G. 6,200 in May. For the close of 2026, the estimate dropped from G. 6,700 to G. 6,475.
This week, the dollar posted a slight rise at exchange houses: on Tuesday, it closed at G. 6,080 for buying and G. 6,170 for selling. Even so, the medium-term trend indicated by the surveyed agents is for the U.S. currency to weaken.
BCP Chief Economist César Yunis explained that the exchange rate movement reflects both external and internal factors. On the global front, he cited the dollar's depreciation against other currencies and the strengthening of regional currencies, a trend to which the guarani is aligned. Domestically, Yunis highlighted economic growth, capital inflows following the attainment of a double investment-grade rating, and dollar inflows from exports.
“Regarding the issue of central bank intervention, as the president and board members have already mentioned, as long as we can explain the behavior of the exchange rate and that it follows the fundamentals of the economy, the Central Bank will not participate in the foreign exchange market, up to now,” Yunis said.
Projections for economic growth were maintained: 4.2% for 2026 and 4.0% for 2027, according to the median of responses from agents surveyed by the BCP.