Nicaragua Exchange Rate

Nicaragua’s exchange rate of 37.44 per US dollar in 2025 places the country at rank 82 globally, matching its all‑time peak recorded the same year after more than six decades of data collection that began in 1960. The series shows a dramatic rise from a recorded trough of 0.00 in 1973, a figure that reflects the absence of a market‑determined rate during a period of strict foreign‑exchange controls, to the current level, which is comparable to peer economies such as Thailand (36.93) and Uruguay (38.66). The steep appreciation since the early 1970s coincides with liberalisation reforms, fiscal consolidation and a gradual shift toward dollarisation, all of which have anchored investor confidence but also heightened vulnerability to external shocks. Continued macro‑policy stability, coupled with diversified export earnings, will be critical to sustaining the current trajectory, while any reversal in global commodity prices or abrupt capital outflows could reverse the upward trend.