Know the price of the dollar today in the main banks and the parallel dollar. This Tuesday, June 7, the US currency remains above S/.3.70.
According to the portal tantoestáeldólar.pe, the parallel exchange rate in Peru is quoted at S/3,710 for purchase and S/3,740 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/ 3.7337 per dollar at the opening, an increase of 0.67% compared to Friday’s close, at S/ 3.7087.
What is the ‘Ocoña’ dollar or informal exchange rate?
The Ocoña dollar is what the “street dollar” is called. In other words, it is the informal exchange rate that is traded in the parallel market or exchange houses. Its name originates from the Ocoña jirón, located in the historic San Martín square in downtown Lima.
Why does the price of the dollar go up or down?
When there is a large amount of dollars in circulation, the currency is said to be liquid and its price falls. When it rises, it is due to its limited availability against the demand for the currency.
What is the best time to exchange dollars?
The best range of hours to buy or sell dollars is from 9:00 am to 1:00 pm Financial institutions or exchange houses have better prices after the opening of the foreign exchange market.
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.
How much does high interest rates in banks affect the economy?
Dollar price for buying and selling
- Purchase: S/ 3,710
- Sale: S/ 3,740