The Chilean currency has done so by 6.6%, while the Peruvian nuevo sol has been appreciated by 4.2%. Many will wonder by the real Brazilian good year accumulates an appreciation against the US dollar of 3.4% but the appreciation of the currency since early 2007 already exceeds 20%! The country with greater trade links with us.UU., Mexico has not undergone the foreign exchange problem since its currency, the Mexican peso barely 0.2 per cent against the US currency appreciated (and therefore depreciated just like the dollar against major currencies). Colombia, while waiting for the approval of the FTA with the north country, experienced an appreciation of its currency, the peso, from 3.2% so far in 2008 (and 16.4% since the beginning of 2007). Ah! And as wanting to give the note in this context of weak dollar, the Argentine peso is the only currency that depreciated against the U.S. currency, while the Venezuelan bolivar (now is the strong Bolivar but with the same problems of the old bolivar) remained almost unchanged (not the same thing happens with your quote in the) parallel market). Anyway, the forces that drive the exchange rate, if they cannot act through the nominal ratio between currencies, make it through the increase in prices and that was what they did in these countries. But given that the major currencies of the world are strengthening against the dollar, then one can think that, possibly, the appreciation of these currencies had been higher than that suffered major Latin American currencies, but this was not so for all countries. So far in 2008, the yen had an appreciation of 3.8%, the euro appreciated by 3.2%, while the yuan did in a 1.1% against the dollar. In a longer time frame, the evolution of these coins from the beginning of the 2007 shows that the yen has strengthened against the dollar by 13.7%, the euro has done so in 14.1% and the yuan did so by 9%.