IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.09▲ 0.04% USD/MXN17.39▼ 0.22% USD/CLP929.47▼ 0.54% USD/COP3,254▼ 0.44% USD/PEN3.39▲ 0.09% USD/ARS1,481▼ 0.03% USD/UYU40.19▲ 1.43% USD/PYG6,031▲ 1.52% USD/BOB10.75▲ 2.22% USD/DOP58.25▲ 0.71% USD/CRC447.35▲ 1.43% USD/GTQ7.62▼ 0.05% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▲ 1.11% EUR/BRL5.81▼ 0.71% BRENT 90.56 ▲ 1.50% WTI 83.72 ▲ 0.59% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.62% GOLD 4,061 ▲ 1.26% SILVER 59.06 ▲ 3.97% SOY 1,227 ▲ 0.04% CORN 472.00 ▲ 5.01% WHEAT 671.75 ▼ 0.33% COFFEE 329.80 ▼ 1.38% SUGAR 14.81 ▼ 0.07% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,510 ▼ 0.18% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,296 ▲ 1.63% ETH 1,934 ▲ 1.61% SOL 78.33 ▲ 0.69% XRP 1.14 ▲ 2.10% BNB 576.17 ▲ 0.95% ADA 0.17 ▲ 2.84% DOGE 0.07 ▲ 2.07% AVAX 6.64 ▲ 0.97% LINK 8.70 ▲ 1.39% DOT 0.86 ▲ 3.86% LTC 47.43 ▲ 0.20% BCH 225.27 ▲ 2.44% TRX 0.33 ▲ 0.28% XLM 0.19 ▲ 2.18% HBAR 0.07 ▲ 2.54% NEAR 2.00 ▲ 0.93% ATOM 1.50 ▲ 0.60% AAVE 94.74 ▲ 5.53% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,972 ▲ 1.59% USD/ZAR16.45▼ 0.49% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.74▲ 0.15% USD/CNY6.75▼ 0.19% DAX 24,891 ▲ 0.18% CAC 8,348 ▲ 0.09% FTSE 10,536 ▲ 0.11% MIB 52,102 ▲ 0.46% IBEX 19,345 ▲ 0.72% STOXX 640.86 ▲ 0.20% EUR/USD1.14▲ 0.06% GBP/USD1.34▼ 0.31% SPX 7,443 ▼ 0.19% DJI 51,839 ▼ 0.59% NDX 28,604 ▲ 0.04% RUT 2,942 ▼ 0.67% TSX 34,960 ▼ 0.86% VIX 17.71 ▼ 5.04% USD/CAD1.41▼ 0.01% US10Y 4.5980 ▲ 1.26% IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL 5.09 ▲ 0.04% USD/MXN 17.39 ▼ 0.22% USD/CLP 929.47 ▼ 0.54% USD/COP 3,254 ▼ 0.44% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,481 ▼ 0.03% USD/UYU 40.19 ▼ 0.10% USD/PYG 6,031 ▲ 1.52% USD/BOB 10.75 ▲ 2.22% USD/DOP 58.25 ▲ 0.71% USD/CRC 447.35 ▲ 1.43% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.60% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.81 ▼ 0.71% BRENT 90.56 ▲ 1.50% WTI 83.72 ▲ 0.59% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.62% GOLD 4,061 ▲ 1.26% SILVER 59.06 ▲ 3.97% SOY 1,227 ▲ 0.04% CORN 472.00 ▲ 5.01% WHEAT 671.75 ▼ 0.33% COFFEE 329.80 ▼ 1.38% SUGAR 14.81 ▼ 0.07% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,510 ▼ 0.18% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,296 ▲ 1.63% ETH 1,934 ▲ 1.61% SOL 78.33 ▲ 0.69% XRP 1.14 ▲ 2.10% BNB 576.17 ▲ 0.95% ADA 0.17 ▲ 2.84% DOGE 0.07 ▲ 2.07% AVAX 6.64 ▲ 0.97% LINK 8.70 ▲ 1.39% DOT 0.86 ▲ 3.86% LTC 47.43 ▲ 0.20% BCH 225.27 ▲ 2.44% TRX 0.33 ▲ 0.28% XLM 0.19 ▲ 2.18% HBAR 0.07 ▲ 2.54% NEAR 2.00 ▲ 0.93% ATOM 1.50 ▲ 0.60% AAVE 94.74 ▲ 5.53% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,972 ▲ 1.59% USD/ZAR 16.44 ▼ 0.31% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 162.74 ▲ 0.17% USD/CNY 6.7540 ▼ 0.05% DAX 24,891 ▲ 0.18% CAC 8,348 ▲ 0.09% FTSE 10,536 ▲ 0.11% MIB 52,102 ▲ 0.46% IBEX 19,345 ▲ 0.72% STOXX 640.86 ▲ 0.20% EUR/USD 1.1423 ▲ 0.08% GBP/USD 1.3410 ▼ 0.12% SPX 7,443 ▼ 0.19% DJI 51,839 ▼ 0.59% NDX 28,604 ▲ 0.04% RUT 2,942 ▼ 0.67% TSX 34,960 ▼ 0.86% VIX 17.71 ▼ 5.04% USD/CAD 1.4065 ▼ 0.09% US10Y 4.5980 ▲ 1.26%
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Tuesday, July 21, 2026

Surprising twist in Guatemala’s presidential election: the rise of ‘Uncle Bernie’

By · June 30, 2023 · 2 min read

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In a surprising turn of events, the first round of Guatemala’s presidential election witnessed a significant upset.

César Bernardo Arévalo de León, or Uncle Bernie, a center-left congressman campaigning on an anti-corruption platform, rose from eighth place in the polls to secure second place on Election Day.

He now advances to the runoff against Sandra Torres, the former first lady of Guatemala, who had consistently led in the pre-election polls.

Political scientists analyzing data from previous Latin American presidential elections noted that Arévalo’s surge was the most substantial lead among candidates in the region during that period.

The election campaign was marked by the gradual disqualification of candidates viewed as potential challengers to the country’s political elite.

César Bernardo Arévalo de León, or Uncle Bernie. (Photo Internet reproduction)
César Bernardo Arévalo de León, or Uncle Bernie. (Photo Internet reproduction)
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This pattern of exclusions, along with actions against judges, prosecutors, and independent media by the outgoing administration of President Alejandro Giammattei, drew criticism.

The election day itself was relatively calm and well-organized, according to the preliminary statement of the European Union Election Observation Mission.

However, around 24% of voters cast blank or invalid ballots as a deliberate protest.

The 64-year-old Arévalo, lacking political connections and the funds for extensive television coverage, along with his party, launched a grassroots campaign.

They also worked on building his audience on Twitter and TikTok, occasionally addressing him with a popular nickname embraced by his fans: Tío Bernie, which means “Uncle Bernie.”

Uncle Bernie promised increased investments in healthcare and education and an end to “dirty politics.”

Torres received approximately 16% of the votes, while Arévalo secured about 12%. The candidate from Giammattei’s party ranked third.

Arévalo’s party, Movimiento Semilla (Seed Movement), has a strong anti-corruption stance.

In 2019, they had put forward the popular anti-corruption attorney general Thelma Aldana as a presidential candidate before her disqualification on bribery charges.

Arévalo, despite his initial low recognition and limited TV coverage, successfully engaged with grassroots campaigning, built a social media presence and appealed to young and urban voters.

His promises of increased investment in healthcare and education and a commitment to ending corruption resonated with the electorate.

The unexpected surge in Arévalo’s support raised questions about why it went undetected during the campaign.

Initially, some voters strategically supported candidates to prevent more right-leaning contenders from advancing.

However, growing disillusionment with the electoral process led to a sentiment shift favoring Arévalo.

Through active social media engagement in the final weeks, Arévalo managed to capture the attention of young voters.

Arévalo’s party also made significant gains in Congress, securing 24 seats compared to the previous seven.

This positions them as the third-largest faction in the 160-seat unicameral legislature, while Giammattei’s party won 40 seats.

With the runoff approaching, a ProDatos poll revealed that 41% of voters declared they would never vote for Torres.

Arévalo’s path to victory now seems within reach, leaving analysts intrigued by this unforeseen phenomenon in Guatemalan politics.

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