The USD/NIO declined by 0.1772, or 0.48%, settling at 36.8079 on Thursday, Stember 26, down from 36.9851 in the previous trading session. This drop comes in light of the currency pair reaching an all-time high of 37.27 in June 2024.
Looking ahead, analysts forecast that the Nicaraguan Cordoba is projected to trade at 36.87 by the end of this quarter, with expectations for a further increase to 37.07 over the next year, according to global macroeconomic models.