The Secretaría Ejecutiva del Consejo Monetario Centroamericano (SECMCA) began a cycle of virtual training sessions with the objective of providing useful tools for the understanding and interpretation of macroeconomic indicators. The first session, led by Master Wilfredo Díaz Cruz, addressed the topic of “The real effective exchange rate, what is it and how to use it? This effort is part of SECMCA’s communication strategy, focused on promoting citizen dialogue and improving the understanding of fundamental economic concepts for financial decision making.
Empowering citizens with economic tools
The real effective exchange rate is a key indicator for measuring the competitiveness of economies and assessing the impact of exchange rate policies on international trade. Its correct interpretation allows citizens, companies and governments to make more informed financial decisions. According to Odalis F. Marte Alevante, SECMCA’s executive secretary, this knowledge is essential to understand the region’s economic future and strengthen local economies in the face of global challenges.
These trainings not only benefit the technicians and officials who attend, but also the population in general, by promoting transparency and understanding of economic dynamics. By correctly interpreting indicators such as the real effective exchange rate, institutions can design more accurate public policies, which contributes to macroeconomic stability and better management of public finances. This, in turn, generates confidence in the markets and opens up opportunities for sustainable economic development.
SECMCA reaffirms its commitment to strengthen Central American economic integration through the development of educational spaces and the dissemination of high-quality information. This approach allows the countries of the region to advance in building more resilient economies, capable of facing challenges such as fluctuations in global markets or economic crises. Initiatives such as this foster cooperation among nations, generating tangible benefits for citizens.
With this training cycle, SECMCA demonstrates its leadership in promoting macroeconomic knowledge. By empowering communities with financial analysis tools, it fosters a more informed citizenry capable of actively participating in the economic processes of their countries. These actions strengthen the social and economic fabric of Central America, consolidating the region as a place of stability and progress.