Annual Report 2009 - Isagen

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(%) Variation versus last yearANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.66CHART 14.LATIN AMERICA INFLATIONNote: 2009 projected; 2010 estimated / Source: BMI, Banco de la República; ISAGEN AnalysisIn general, Latin America shows rather controlled price variations. Despite the global crisis,and with the exception of Nicaragua and Venezuela, inflation rates are quite moderate, witha trend to remain in the single digits during 2010.Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
ANNUAL REPORT 2009 / ISAGEN S.A. E.S.P.67CHART 15.LATIN AMERICAN CURRENCIES(%) Variation versus last yearHNL Honduras - LempiraCLP Chile - PesoPEN Peru - Nuevo SolPYG Paraguay - GuaraniCOP Colombia - Peso NIO Nicaragua - CordobaBRL Brazil - Reais ARS Argentina - PesoMXN Mexico - Peso CRC Costa Rica - ColonVEF Venezuela - Bolivar FuerteUYU Uruguay - PesoGTQ Guatemala - QuetzalBOP Bolivia - BolivianoNote: El Salvador, Panamá and Ecuador are dollarized economies, or pegged to the US dollarSource: Bloomberg, Venezuela FX; ISAGEN AnalysisThis economic dynamic of moderate adjustment with respect to other world markets hasallowed the region’s currencies to maintain low devaluation levels in the last six months.Currencies in Brazil, Colombia, Uruguay, Chile and Peru have appreciated vis-à-vis the USdollar in this period.Contents Letter from the CEO Achievements2009Good GovernancePractices EvaluationCorporateManagementFinancial Management
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Annual Report 2009 - Isagen

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