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Porchie12 t1_j3ojlwc wrote

I can't say that I am an economist, but when Afghanistan is at number 1 spot, and Somalia is in top 10, then your country also being high up doesn't look like a great sign.

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urgjotonlkec t1_j3qsdjo wrote

You want a stable currency. Huge changes in value definitely aren't desirable although it's better for your currency to go way up than way down I guess.

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ar243 t1_j3s5ghr wrote

Yeah... It's a little tiring seeing the same LatAm posts with fishy data and headlines.

Last time it was "Denver is more dangerous than Mexico City". Now it's "LatAm currencies are doing so well". These posts need more context to get out of the clickbait-zone.

And OP's response is always the same: "We just show you the data". Bruh, it is your responsibility to make sure the data is solid and doesn't take things out of context.

It's great to see data that shows improvement, but I associate suspicion with these posts instead of happiness now.

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Slow-Substance-6800 t1_j3oxqbq wrote

I feel like it’s more so that those currencies were really low and recovered a little bit, more than any other currency could have

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thunderBerrins t1_j3q5cis wrote

It’s very strange to me that Afghani currency went up so much. Does anyone know why?

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l86rj t1_j3q658c wrote

In Brazil this was unfortunately just a minor "correction". 10 years ago 1 US dollar would get you less than 3 BRL. Now it's getting you more than 5. I wonder if this is just here or is the USD higher everywhere?

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jrm19941994 t1_j3qv85d wrote

USD has been relatively strong this year vs eurozone and asian currencies.

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l86rj t1_j3qx93z wrote

But nothing close to 2x stronger, I suppose. So, I don't know about other LatAm countries, but Brazil has nothing to celebrate in regards of currency.

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LordFaquaad t1_j3spvq1 wrote

It's due to the debt the country has partly due to the fifa world cup. It's the main reason they have that nationalist guy as president

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himmmmmmmmmmmmmm t1_j3qqk6e wrote

Shut up and take my money ! now where did I leave my Microsoft office paper clip?

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gmuslera t1_j3qv5vt wrote

Causality is different for the different currencies there, some had a huge drop at the end of 2021 and then recovered at the very start of 2022, others had an steady grow over years, and there are more patterns depending on the currency. Is not so easy to reach accurate conclusion just based on that.

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igivenobrake t1_j3rfmx7 wrote

Wait to see Brazil now that Lula de criminal will destroy the country

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dog_eat_god t1_j3seauz wrote

Sketchy Latinometrics at it again. I didn't even know cherries was a major crop there because you're really good at picking them. Show us how those currencies did over the last decade, not just a year.

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