Check what is the price of the dollar TODAY in the main banks of the country. For Thursday, June 2, the exchange rate is quoted at S/ 3.70.
The Central Reserve Bank of Peru (BCRP) reported that the closing of the greenback closed this Wednesday, June 1, 2022, at 3.7275 soles, a figure higher than that reported on May 30, which stood at 3.715.
Price of the dollar today in BCP, BBVA, Interbank and other banks
What is the ‘Ocoña’ dollar or informal exchange rate?
The Ocoña dollar It 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 internal prices of national production with international prices.