Dollar price today in Peru: what is the exchange rate for this Friday, January 20

The exchange rate published by Sunat is a reference for tax issues, says Jorge Carrillo Acosta. “It is used so that a person can know what type of change he records in his accounting in the purchase, sale or in his tax return.”

For example, a company that has its accounting in soles and buys something in dollars, has to use the sale exchange rate of the day of the transaction (the day the invoice is issued). On the other hand, “in case of selling in dollars but the accounting is in soles, I will have to use the purchase exchange rate with the date (that I sold my good or service)”.

“In the case of natural persons, if I issue a receipt for fees in dollars, I have to take into account to pay the Sunat exchange rate, the day of collection, the date that receipt is collected or paid to me.”

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The Ocoña dollar, also known as the informal exchange rate, refers to the “street dollar” that is bought and sold in the parallel market or exchange houses.

Its name is given in reference to the Ocoña jirón, located in downtown Lima, where the first exchange houses were installed in the eighties.

The exchange rate closed the day of this Friday, January 20, with S / 3.8590, reported the Central Reserve Bank of Peru (BCRP).

Photo: BCRP

The Minister of Economy and Finance, Alex Contreras, during the presentation of the Con Punche Peru plan, pointed out that poverty in 2022 had no reduction as a result of inflation and the low progress of the economies. In this way, more than 8 million Peruvians would remain in a situation of vulnerability and poverty.

“On 2022 poverty will probably not be reduced due to the impact of higher inflation and lower growth. The objective of Impulso Perú and Con Punche Perú is to recover and boost the speed of growth of the Peruvian economy with specific interventions,” said the Minister of Economy and Finance.

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The best time to change or sell dollars is in the morning, and the best time range is from 9:00 a.m. to 1:00 p.m., that is, at the opening of the foreign exchange market where financial institutions or exchange houses offer their best deals. prices.

The price of the dollar today in Peru opens the day at S/3.8580, according to the Bloomberg portal.

“We are a country that is highly dependent on the exchange rate. A large part of our economy is associated with imported goods that are purchased in dollars,” emphasized Jorge Luis Ojeda.

For example, the country buys wheat at the cost of foreign currency and the food in the livestock industry depends on that, in addition to the preparation of bread and derivatives. That, at the same time, influences the basic family basket. A similar scenario occurs with fuel, which is also purchased from the international market.

Photo: cuantoestaeldolar.pe

Two factors play a role. The first is the relationship that Peru has with the benchmark nation of the dollar, the United States. And the second is the expectation, which consists of “a feeling of risk”.

According to the Finance professor at UPC, Jorge Luis Ojeda, “when interest rates here are higher than in the United States, the exchange rate falls because it is more attractive to place money in soles, then (foreign) capital comes; but when the relationship is reversed, the dollar rises”.

On the other hand, “if we see that here in Peru there is some type of risk, immediately people try to buy dollars and that obviously boosts the dollar.”