Price of the dollar today, Sunday February 26, in exchange houses, banks and other channels

Ruling of the TC would forgive more than S/12,000 million in tax obligations. In #LREconomy we talked with Luis Alberto Arias, economist and professor at PUCP and ULIMA

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.

The average price of the dollar went from S/ 3.80 to S/ 3.82 at the interbank level, according to the Central Reserve Bank (BCR).

It is recommended that in the event that we want to request a loan, it is based on our income. If we earn in soles, the credit we will request will be in soles and if we generate income in dollars, the sensible thing to do will be to request it in this currency. Do not risk it because otherwise there would be a greater probability of getting into debt for years.

It is important to adopt a culture of saving to face emergency or unforeseen situations, such as illness or losing your job. It will also allow us to achieve our short-term goals, such as buying goods and services.

The Central Reserve Bank of Peru (BCRP) has the functions of regulating the currency and credit of the financial system, managing the international reserves in its charge, issuing banknotes and coins, and regularly informing the country about national finances.

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.”

The exchange rate is the price of the dollar in any country, which is divided into buying and selling, said Jorge Carrillo Acosta, an expert in Finance from Pacífico Business School.