Ecuador’s Stock Market, Economy and Currency
Ecuador is generally considered to be one of the best Latin American countries to invest in and one of the easiest ways to do this is to invest on the stock market in Ecuador. There are a number of reasons why Ecuador enjoys such a favorable investment climate. One of these is that the political situation is quite stable – especially when compared to that of other Latin American countries. Another is that Ecuador has an abundance of natural resources – many of which have only started to be tapped for economic purposes. Ecuador also enjoys a dollarized economy and low wage levels, so you can really get the most for your money and you don’t even have to worry about currency conversion.
However, just because there are many positive aspects about investment on the Ecuador Stock Market, it doesn’t mean that there are no negative aspects. Ecuador still struggles with the problems of inflation and poor infrastructure. Although these problems have greatly improved in recent years, they are still far from perfect. Still, there are usually ways for a creative investor to work around these problems and you may well find yourself getting far more back in your pocket than you would have back home. In addition to this, the Ecuadorian government has attempted to encourage foreign investment by granting foreign investors certain rights – such as the right to own property – so if you really want to get involved in the country you can be sure that you will really benefit from it.
There are currently two main bases of operation for the Ecuadorian Stock Exchange. The first is in Quito and the second is in Guayaquil. Quito, being the capital of Ecuador, is obviously home to the biggest and most popular stock market but the one in Guayaquil is not far behind. The Quito Stock Exchange has a good website that you can examine if you want to find out more. Of course, if you want to invest in a Latin American country like Ecuador it is a good idea to improve your Spanish first. Most of the trading takes place in Spanish and you can better understand what you are getting yourself involved in if you have at least a basic understanding of the language.
Last updated: December 29, 2018