A comparison is made between the phase and amplitude of the 18‐kc/s signal NBA (Balboa, Panama) recorded at Boulder, Colorado, in the northern hemisphere and Tucumán, Argentina, in the southern hemisphere. Although these two propagation paths are essentially the same length, the difference between them in the diurnal change in phase height is approximately 5 km, and the estimated field strength appears to be significantly lower at Tucumán than at Boulder. It is suggested that the cause of these observed differences is the latitudinal variation in ionization due to cosmic rays.