The women's 200 metre butterfly competition at the 2014 South American Games took place on March 9 at the Estadio Nacional.

[1][2] The last champion was Joanna Maranhão of Brazil.

[4] Prior to this competition, the existing world and Pan Pacific records were as follows: All times are in minutes and seconds.

The first round was held on March 9, at 11:51.

[1] The final was held on March 9, at 19:41.