The SVC/USD pair shows how many US dollars one Salvadoran colón buys, reflecting El Salvador's dollarized economy and limited independent monetary policy.
The curve shows the change in one unit of SVC expressed in USD. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 20 observations
The SVC/USD exchange rate represents the value of the Salvadoran colón (SVC) expressed in US dollars (USD). This directed pair indicates how many US dollars are needed to purchase one Salvadoran colón. Since El Salvador adopted the US dollar as legal tender in 2001, the colón has been pegged at a fixed rate of 8.75 colones per dollar, making SVC/USD effectively a constant rate. The pair is used primarily for historical reference, accounting, and conversion of legacy assets. An appreciation of the colón (a rise in SVC/USD) would mean the colón strengthens against the dollar, but due to the fixed peg, such movement is not expected under normal circumstances.
Structural drivers for SVC/USD are dominated by the fixed exchange rate regime. The Central Reserve Bank of El Salvador maintains the peg, and the country's monetary policy is effectively outsourced to the US Federal Reserve. Interest rates in El Salvador are influenced by US rates, and inflation tends to mirror US inflation plus local factors. Economic growth, remittances (which account for a significant share of GDP), and trade flows with the US affect demand for colones, but the peg ensures stability. Commodity prices, particularly for coffee and textiles, and tourism also play a role, but the fixed rate limits volatility.
Over the past several years, the SVC/USD rate has remained unchanged at the official peg of 0.114285 USD per SVC (1/8.75). Since the dollarization in 2001, the colón has effectively been a non-traded currency, with the peg providing stability. The last completed years have seen no deviation from this fixed rate, as El Salvador's monetary authorities have consistently upheld the peg. Looking ahead, any change would require a major policy shift, which is not anticipated based on available information. The pair thus serves as a static reference rather than a dynamic market rate.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,11428571 | +0% | |
| 0,11428571 | +0% | |
| 0,11428571 | +0% | |
| 0,11428571 | -2.37% | |
| 0,11706552 | -0.06% | |
| 0,11713484 | +0.01% | |
| 0,11712143 | +0.03% | |
| 0,11708868 | +0.01% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.