Investor Presentaiton
6 Strong Guatemala macro
One of the least impacted economies during COVID showing resiliency
Guatemala real GDP growth (% y-o-y)
Remittances are soaring
Remittances ($m)
ticô
15.1%
+37%
11,340
|
10,508
11,008
2020
(3.4%)
|
(4.1%)
(8.3%)
7.2%
LatAm & CAC
(7.0%)
4.5%
3.1%
3.3%
3.9%
(1.5%)
2017
2018
8,061
2019
2020
2021E
1Q21
2Q21
2019
2020
9M20
9M21
Stable currency for 20 years
20-year FX performance rebased to November 8, 2001 (%)
20-yr ago
Current
300%
Guatemala Quetzal/USD
Euro/USD
8.06
7.73
1.12
0.86
250%
Mexican Peso/USD
9.21
20.34
Brazilian Real/USD
2.55
5.55
200%
Swedish Krona/USD
10.53
8.57
150%
100%
50%
0%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Source: Factset as of November 8, 2021; Central Bank of Guatemala; IMF; Oxford Economics
Appreciation ()/Depreciation (↑)
120.9%
117.6%
(4.1%)
(18.6%)
(23.0%)
Guatemala Quetzal 4% appreciation and most
stable currency over the past decade
2015 2016 2017 2018 2019 2020 2021
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