meet the dollar price today in the main banks and the parallel dollar. This Monday, May 30, the US currency opens on S / 3.67.
According to the portal, how much is the dollar.pe, the price of the parallel dollar in Peru is quoted at S/.3,670 for purchase and S/.3,710 for sale.
Exchange rate today at BCP, BBVA, Interbank and other banks
On the other hand, the agency Bloomberg reports that the exchange rate is trading at S/ 3.6912 per dollar at the opening, an increase of 0.92% compared to yesterday’s close, at S/ 3.6574.
What is the ‘Ocoña’ dollar or informal exchange rate?
The Ocoña dollar is the “street dollar”, that is, the informal exchange rate that is bought and sold in the parallel market or exchange houses. It owes its name to the Ocoña jirón, located in the historic San Martín square in downtown Lima.
In the 1980s, it became a true “financial district” with the installation of exchange houses and which had its peak with the commercialization of the MUC dollar (dollars from the Single Exchange Market). What is it about? From an alternate currency set by the Peruvian Government, unlike the US dollar that has an exchange rate in response to supply and demand.
Why does the price of the dollar go up or down?
It is due to the following dynamics: when there are many dollars in circulation, it is said that the currency has liquidity and its price falls. And when it rises, it is basically due to its limited availability against the demand for the currency.
What is the best time to exchange dollars?
In Peru, the best range of hours to buy or sell dollars is from 9 in the morning to 1 in the afternoon at the opening of the foreign exchange market, where financial entities or exchange houses have better prices. Regarding the days, it is appropriate only from Monday to Friday, when the forex market is open. Buying or selling dollars on a Friday night or on a weekend is not a good deal, unless it is an emergency.
Why is the exchange rate important?
The exchange rate is important because it serves as an indicator of a country’s competitiveness with the rest of the world (real interest rate): it relates the domestic prices of national production to international prices.
How much does high interest rates in banks affect the economy?
Dollar price for buying and selling
- Purchase: S/.3,670
- Sale: S/.3,710.