# Latin American currencies that rise and fall most against the dollar at the start of November

> Latin American currencies opened November with mixed results, with the Chilean peso leading gains and the Paraguayan guarani posting the largest decline, about 3.15% against the dollar this month. Analysts cited hopes for a US-Iran diplomatic deal, the oil price slump with WTI below $100 on Monday, and uncertainty over US interest rates.

- Date: 2026-11-03 · published 2026-11-03T18:09:21.376Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/78101-latin-american-currencies-that-rise-and-fall-most-against-the-dollar-at-the
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Lower crude prices ease costs for oil-importing economies such as Chile, which can support local currencies and feed import budgets. Falling oil also reduces the energy-driven pressure on grain and oilseed prices.

## Read by commodity

- WTI: bearish ▼
- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-12-21 | [Canadian dollar falls by most since October as new virus strain clouds outlook - The Globe and Mail](https://feedsoft.ai/events/49869-canadian-dollar-falls-by-most-since-october-as-new-virus-strain-clouds-outlook.md) | -3.1% | +8.4% |
| WTI | 2020-01-29 | [Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/55300-canadian-dollar-nears-seven-week-low-as-oil-prices-fall-the-globe-and-mail.md) | -7.1% | -8.8% |
| WTI | 2022-10-31 | [Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail](https://feedsoft.ai/events/39347-canadian-dollar-slips-to-six-day-low-as-oil-prices-fall-the-globe-and-mail.md) | +5.4% | -12.2% |
| WTI | 2023-05-30 | [Canadian dollar dips as oil prices fall more than 4%](https://feedsoft.ai/events/36186-canadian-dollar-dips-as-oil-prices-fall-more-than-4.md) | -0.4% | -6.6% |
| WTI | 2022-12-07 | [Canadian dollar holds near one-month low as Bank of Canada rate hike boost fades - The Globe and Mail](https://feedsoft.ai/events/38459-canadian-dollar-holds-near-one-month-low-as-bank-of-canada-rate-hike-boost.md) | +0.5% | -0.8% |
| USDBRL | 2023-08-30 | [EMERGING MARKETS-Latin American currencies up on weaker dollar; Brazil's real lags on rate-cut speculation](https://feedsoft.ai/events/34788-emerging-markets-latin-american-currencies-up-on-weaker-dollar-brazil-s-real.md) | +2.3% | +4.1% |
| USDBRL | 2020-09-04 | [Brazil's real slips against firmer dollar, Wall St slide hits Latam stocks \| Financial Post](https://feedsoft.ai/events/51311-brazil-s-real-slips-against-firmer-dollar-wall-st-slide-hits-latam-stocks.md) | -0.1% | +7.1% |
| USDBRL | 2022-01-27 | [Strong dollar hits Latam FX, Russian assets rise \| Financial Post](https://feedsoft.ai/events/43348-strong-dollar-hits-latam-fx-russian-assets-rise-financial-post.md) | -2.9% | -5.7% |

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/mercados/las-monedas-de-america-latina-que-mas-suben-y-caen-frente-al-dolar-en-el-arranque-de-noviembre/
- noticiasdebariloche.com.ar: https://www.noticiasdebariloche.com.ar/las-monedas-de-america-latina-que-mas-suben-y-caen-frente-al-dolar-en-el-arranque-de-noviembre/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.