El Niño
El Niño
Definition
El Niño (el nēn′yō)
noun
a warm inshore current annually flowing south along the coast of Ecuador and, about every seven to ten years, extending down the coast of Peru, where it has a devastating effect (El Niño Effect) on weather, crops, fish, etc.
Etymology: Sp, the (Christ) Child: because it occurs near Christmas
El Niño Finance Definition
A
disruption of the oceanic-atmospheric system in the tropical Pacific that
strongly affects weather conditions across the globe for a few months to up to
one year with a seemingly random frequency. El Niño is watched in the
agricultural commodities markets because the phenomenon can have substantial
effects on crops in affected areas. El Niño increases rainfall across the
southern part of the United States and in Peru. Drought conditions can be
produced in the West Pacific, which leads to brush fires in Australia and
Indonesia. Its most severe effects occur close to the equator. Warmer water
near Central America spawns more frequent and stronger hurricanes, which can
occur as far west as Hawaii. El Niño occurs in contrast to La Niña, which
produces cold events.
El Niño was first recognized by fishermen off the coast of South America when unusually warm water in the Pacific Ocean arrived near the beginning of the year. The term El Niño means the little boy or Christ child in Spanish. The name was given because the warm water arrived around Christmas.
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