The euro weakened marginally against a basket of Latin American currencies on Wednesday, 22 July 2026, according to official exchange rate updates published by financial outlets across the region. The daily depreciation ranged from 0.04% against the Nicaraguan córdoba to 0.51% against the Brazilian real, with the single currency also losing ground against the Mexican peso, Guatemalan quetzal, Honduran lempira, Colombian peso and Chilean peso. The uniform, if slight, decline came on a day when the US dollar exhibited no clear regional pattern, firming in some markets while remaining stable or easing in others.

Viewed from Bogotá, the euro’s slide extended a pronounced year-to-date trend. The Colombian peso has appreciated sharply against the European unit, which has shed 17.16% since January, closing at 3,711 pesos. Analysts cited in El Espectador attributed the peso’s strength to a combination of global and local factors: a larger-than-expected drop in US inflation in June, which shifted expectations for Federal Reserve policy and buoyed emerging-market currencies, and Colombia’s attractive interest-rate differential, which has drawn portfolio inflows. The same report noted that local fiscal expectations and heavy issuance of TES bonds have also played a role, with global factors accounting for only 20–30% of the exchange rate’s recent behaviour.

In Brazil, the real traded at 5.79 to the euro, down 6.54% since the start of the year, as the first day of a new 25% US tariff on a set of Brazilian products took effect. CNN Brasil reported that the spot dollar was nearly flat against the real in early trading, with the central bank preparing a swap auction. Meanwhile, in Venezuela, the bolívar continued its precipitous decline: the dollar fetched 737 bolívars, a 144.63% surge since January, according to Clarín. In Argentina, the informal blue dollar closed at 1,545 pesos, just shy of its all-time nominal high, while the official rate held at 1,500 pesos at Banco Nación. The gap between the two narrowed to around 3%, as the central bank extended its dollar-buying streak to 109 consecutive sessions, accumulating over US$12.7 billion in reserves, per El Cronista.

The daily fixings underscored the divergent forces shaping Latin American foreign-exchange markets. While the euro’s broad-based dip reflected a common external impulse, domestic dynamics—from Colombia’s carry trade to Venezuela’s hyperinflationary spiral—produced sharply different outcomes against the dollar. No single catalyst explained the euro’s uniform decline, though the absence of major data releases or policy announcements on the day left technical factors and position-squaring as the most likely drivers. The next scheduled events likely to influence regional rates include the Federal Reserve’s meeting on 28–29 July and the Bank of the Republic of Colombia’s policy decision on 31 July.