Markets
Information, analysis and context to understand investment opportunities in Paraguay and around the world.
MEJORES DECISIONES.
Fiscal balance
−2.0% of GDP
MEF · cumulative deficit to September 2026
Finance and investment
Finance and investment · editorial review 14 November 2026. Latest published data: BCP policy rate 5.50% (23 October), annual inflation 1.7% (October), IMAEP +3.9% year on year (September), projected 2026 GDP growth +5.0%, and January–October trade surplus USD 668.6 million. The BCP interbank reference closed 13 November at PYG 6,215.89 per dollar; the non-financial large-client spot selling reference was PYG 6,211.10. Neither is a retail quote. BVA trading in October reached PYG 4.760 trillion (−8.3% month on month; January–October PYG 47.868 trillion). Preventive broker suspensions do not mean the exchange has ceased all operations. BCP's extraordinary reserve-requirement relief announced 13 November targets eligible securities purchases, with actual transaction volumes yet to be verified. The PYG 166.3 trillion 2027 budget received initial lower-house approval and awaits Senate review. Different reporting periods; figures are not live prices. Sources: BCP, BVA and Parliament.
MACROECONOMIC OVERVIEW · REVIEWED 14 NOV 2026
Tax revenue: October down 5.4% YoY; January–October up 1.5%
October cash tax collections reached PYG 3,075,239 million. Domestic taxes rose 6.8% while customs receipts fell 17.0% year-on-year. January–October revenue totalled PYG 35,952,488 million, according to the DNIT's November 2 report.
Radar Analysis · 14 November: the BCP has created a targeted liquidity mechanism for eligible securities held by brokerages and funds. Its effect depends on completed purchases and redemptions; it is not evidence of universal liquidity relief. The 2027 budget proposal of PYG 166.3 trillion still requires Senate consideration. October BVA trading of PYG 4.760 trillion and cumulative turnover of PYG 47.868 trillion are market volumes, not profits or fiscal spending.
AFD · PROMIPYMESFOGAPY · accessBonds and funds: look beyond returns
Issuing bonds allows a business to raise debt through the securities market. Applicable registration and placement requirements must be met. A programme’s authorised amount does not establish that all the funds have been placed or invested in projects.
For a bond, examine the issuer, currency, maturity, payments, price, credit rating and ability to sell before maturity. The coupon rate is not necessarily the investor’s yield when the purchase price changes. For a fund, check strategy, holdings, fees and redemption rules; do not assume immediate access to the money.
Radar reading: compare alternatives using the same currency, investment horizon and liquidity needs. Past fund returns and an issuer’s rating do not guarantee future outcomes. BCP’s market information allows readers to check issues, funds and financial statements.
BVA · business financingBCP · market informationGUIDE · 29 OCT 2026 · Sources: AFD, FOGAPY, BVA and BCP. Confirm specific terms in the current documents for each transaction.
BCP · Treasury bill auction results, October 29Paraguay market
Official FX references · BCP close 13 Nov 2026
USD/PYG: G. 6,215.89 · EUR/PYG: G. 6,867.94 · BRL/PYG: G. 1,102.83 · CLP/PYG: G. 6.22
Source: BCP reference currency table, 13 November 2026. The USD rate is the weighted interbank spot average; other currencies use cross rates. These are not retail buying or selling prices. The selling reference for spot transactions with non-financial clients of at least USD 50,000 closed at G. 6,211.10 under a separate methodology.
Official exchange-rate table →Paraguay Stock Market Observatory
OFFICIAL BVA OCTOBER 2026 CLOSE: PYG 4,760,350,840,473 traded (−8.3% versus September; −24.1% year on year). Currency composition: 61% guaraní and 39% US dollar. January–October turnover was approximately PYG 47.868 trillion. The chart below compares equivalent January–October periods: 2025 (PYG 49.819 trillion) and 2026 (PYG 47.868 trillion). It does not mix calendar-year totals. Primary source: https://reporte-operativo.bolsadevalores.com.py/assets/docs/Infome_Mensual_Oficialcopiaoct.pdf
Asunción Stock Exchange
Cumulative trading volume · January–October 2025 vs 2026 (PYG trillion)
PARAGUAY STOCK MARKET OBSERVATORY · OCTOBER 2026 · BVA DATA
BVA: October trading falls as the US dollar share increases
October turnover: PYG 4.760 trillion (−8.3% month-on-month; −24.1% year-on-year). January–October: approximately PYG 47.868 trillion. By currency, 61% was traded in guaraní and 39% in US dollars, according to the BVA official monthly report.
Radar reading · 10 Nov: the BVA's October monthly close shows PYG 4.760 trillion traded and PYG 47.868 trillion year-to-date. The 8.3% monthly decline refers to traded turnover, not necessarily new capital raised. The exchange's issuance listing also has subsequent November entries, including one dated 4 November; these must not be added to October turnover. Sources: official BVA October report and issuance list.
Primary source: BVA Official Monthly Report, October 2026. Currency shares of 61% and 39% refer to October turnover.BVA · Informe
Read analysis: stock exchange, liquidity and reposInvestment funds: SIV digital filing procedures available since 29 October
From October 29, 2026, AFPISA fund managers can use the Agent Registration Tool to request changes to, and cancellation of, mutual-fund and investment-fund registrations, according to the SIV notice published by the BCP the previous day. The digital channel does not alter existing documentation requirements. Applications remain subject to prior technical review and certification where applicable.
Radar reading: fund managers should adapt their internal preparation, review and application-tracking workflows. Digital submissions may support traceability, but the notice sets no new decision deadlines and demonstrates no measured cost reduction.
READ ARTICLE →International markets
S&P 500 Index
Interactive market chart
Quote dates and sources
November 13, 2026 closes: S&P 500 7,561.67 (−0.40%) and Nasdaq Composite 25,136.27 (−0.91%), per AP; Ibovespa 172,457.76 (+0.66%), per Estadão/UOL; DAX 26,749.95 (−0.08%), per Tagesschau. EUR/USD 1.1049 and gold USD 3,882.73/oz are BCP official November 13 references. Other commodities retain the stated dates. Not real-time quotations.
Read commodity source →Equity index sources and session dates →