Latin America FX Forecast Revision

November 2020

Written by Enrique Diaz-Alvarez, Matthew Ryan & Roman Ziruk

The COVID-19 pandemic has hit the Latin American region particularly hard since the onset of the crisis.

Authorities in the region have, for the most part, struggled to rein in aggressive levels of virus contagion. All five of the LatAm nations that we cover in this report feature among the top 16 countries with the highest number of reported COVID-19 cases in the world. As a percentage of the population, Peru and Chile have fared the worst, although this fails to account for the so far limited levels of testing conducted in Maxico (around 19,000 tests per 1 million people versus 139,000 in Peru and 234,000 in Chile).

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Ebury - Latin America FX Forecast Revision - November 2020

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Press Contacts:

Gunther De Backer

Partner, Backstage Communication

Olivier Duquaine

Managing Director, Backstage Communication

About Ebury

Ebury enables cross-border transactions for companies, institutions, and banks and their clients, that want to trade internationally. Established in London in 2010, Ebury is one of Europe’s largest and best funded fintech companies. Juan Lobato, a serial entrepreneur, and Salvador García, an expert in Financial Services, created Ebury to make it easier for businesses to trade internationally.

Since 2010, Ebury has become the largest non-bank provider of global transaction services, offering organisations access to a platform that allows them to make international payments, receive international collections, manage currency risk and get access to financing.

Ebury currently employs circa to 1,000 staff across 25 offices in 20 countries and is serving over c.40,000 businesses internationally. What started in the UK is now a global company with offices in several European countries, the Middle East, Hong Kong and Mainland China, Australia, Canada and the US. Ebury’s investors include 83North (investors in iZettle, Celonis, JustEat) and Vitruvian Partners (investors in Farfetch, Skyscanner, Darktrace, Marqeta).