Dollar in Peru: exchange rate remains at S / 4,019 at the end of the week

The price of the dollar closed down and stood at S / 4.0190 in the operations of the Friday, November 12. The greenback started the day at S / 4.0214 as reported by the Central Reserve Bank of Peru (BCRP), which intervened with the direct sale of US $ 149 million throughout the day.

The currency did not appreciate or depreciate, compared to the session on Thursday, November 11, when it reached S / 4,190.

Meanwhile, the purchase in the parallel market was located at S / 4.01 and the sale at S / 4.04. As for the price of the interbank dollar, it is situated at the purchase of S / 4.0265 and the sale of S / 4.0639.

This occurs while the president of the Central Reserve Bank (BCRP), Julio Velarde, announced that the Peruvian economy would grow by 13.2%. Likewise, Velarde emphasized that only Chile surpasses Peru in growth indicators, but in any case better than other countries in the region such as Argentina, Brazil, Colombia and Mexico.

“Such a strong monetary and fiscal stimulus package was applied that we are enjoying it now. It is not just a rebound, it is a consequence of the political actions that were taken, ”he explained in a forum organized by the School of Public Management of the Universidad del Pacífico.

Likewise, the board of the Central Reserve Bank of Peru (BCRP) agreed to raise the reference interest rate to 2%, maintaining an expansionary monetary policy stance.

On the international scene, the US dollar lost some ground as high inflation wreaked havoc on consumer confidence; however, it was on track for its third consecutive weekly profit.

The renewed strength of the dollar earlier in the week had injected new life into moribund currency volatility markets as traders rushed to buy options to hedge against a stronger dollar. A currency volatility index hit a new six-month high on Friday.

With information from Reuters.