| Summary of Derivative Position |
As of December 31, 2024 and 2023, derivative financial instruments consist of foreign currency forward contracts of a short-term nature. The following table shows the derivative financial position as of the end of each year: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Local currency | | Notional
amount | | Type | | Maturity | | Fair
value | | 2024 | | | | | | | | | | | Brazilian Reais | | $ | 1,000 | | | Sell | | Jan-25 | | $ | 7 | | | Chilean Pesos | | $ | 3,000 | | | Buy | | Jan-25 | | $ | 34 | | | Colombian Pesos | | $ | 5,500 | | | Sell | | Jan-25 | | $ | 15 | | | Colombian Pesos | | $ | 4,700 | | | Sell | | Jan-25 | | $ | (31) | | | Colombian Pesos | | $ | 5,000 | | | Sell | | Feb-25 | | $ | (24) | | | Mexican Pesos | | $ | 6,200 | | | Sell | | Jan-25 | | $ | (94) | | | Uruguay Pesos | | $ | 1,000 | | | Sell | | Jan-25 | | $ | 15 | | | Uruguay Pesos | | $ | 1,000 | | | Sell | | Jan-25 | | $ | (31) | | | Peruvian pesos | | $ | 500 | | | Sell | | Jan-25 | | $ | (4) | | | Peruvian pesos | | $ | 1,000 | | | Sell | | Feb-25 | | $ | (7) | | | Argentine pesos | | $ | 15,000 | | | Buy | | Jan-25 | | $ | (702) | | | Total fair value of foreign currency forwards, net | | | | | | | | $ | (822) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Local currency | | Notional
amount | | Type | | Maturity | | Fair
value | | | 2023 | | | | | | | | | | | | Brazilian Reais | | $ | 9,000 | | | Sell | | Jan-24 | | $ | 474 | | | | Brazilian Reais | | $ | 7,000 | | | Sell | | Feb-24 | | $ | 294 | | | | Brazilian Reais | | $ | 5,000 | | | Buy | | Jan-24 | | $ | (93) | | | | Brazilian Reais | | $ | 5,000 | | | Buy | | Feb-24 | | $ | (104) | | | | Chilean Pesos | | $ | 1,500 | | | Buy | | Jan-24 | | $ | (9) | | | | Chilean Pesos | | $ | 1,500 | | | Buy | | Feb-24 | | $ | (13) | | | | Chilean Pesos | | $ | 1,500 | | | Buy | | Mar-24 | | $ | (12) | | | | Colombian Pesos | | $ | 5,300 | | | Sell | | Jan-24 | | $ | 394 | | | | Mexican Pesos | | $ | 4,000 | | | Sell | | Jan-24 | | $ | 74 | | | | Mexican Pesos | | $ | 6,000 | | | Sell | | Feb-24 | | $ | 61 | | | | Mexican Pesos | | $ | 4,000 | | | Sell | | Mar-24 | | $ | 56 | | | | Mexican Pesos | | $ | 1,500 | | | Sell | | Apr-24 | | $ | 28 | | | | Total fair value of foreign currency forwards, net | | | | | | | | $ | 1,150 | | |
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