Peruvians earn more than 10% with dollar savings so far in 2021, according to study

The dollar has registered strong rallies so far in 2021. These highs have been partly due to the political uncertainty that the country is going through and the pandemic, which has both large companies and the user waiting.

A small count of the hikes of the safe haven currency shows us, for example, that in April 2021 it closed at a price of S / 3.79 and in July it closed at S / 4.07. For the month of September it was S / 4.13.

With the resignation of Guido Bellido After the Presidency of the Council of Ministers, the exchange rate began to fall. Thus, with the appointment of Mirtha Vasquez as prime minister, the dollar fell to S / 3.9200.

According to Billex, a digital currency exchange platform, many people who earn income in dollars decided to keep them in the same foreign currency. These businesses benefited from the rise in the dollar in the last quarter of the year, since it meant more than 10% of profits from the beginning of the year to date, only due to exchange rate effects.

The items least affected by the volatility of the greenback

The export and mining sectors are the markets that have achieved the greatest benefit against the rise in the dollar. They receive more income because all of their sales and profits are made in foreign currency; it means that, at the moment of making the monetary exchange from dollars to soles, the amount received will be higher.

“If dollars are bought or sold, hoping to anticipate possible rises or falls, it could mean making money or losing it. Predictions about the behavior of the dollar are very difficult to guess, although you can comment on its trends, “said Javier Pineda, general manager of Billex.

Likewise, regarding the indebtedness in soles or dollars, it should be specified that to date up to 15% of the mortgage and vehicle loans have been disbursed in dollars.