The exchange rate starts rising on the day of Wednesday 17 November and it stood at S / 3.9972 at 9:06 am, which shows a decrease of -0.02% compared to the end of November 16, when it stood at S / 3.998 according to the Central Bank report. Reserve of Peru (BCRP).
The purchase of the dollar in the parallel market is at S / 3.99; As for the sale, it amounts to S / 4.01. Also, the price of green ticket at the interbank level, the purchase and sale is quoted at S / 4.0176 at S / 4.033.
This occurs after the president of the BCRP, Julio Velarde, indicated during his presentation at CADE Executives 2021, that the inflation It will continue to affect Peruvians until the first or second quarter of 2022. Therefore, it will be one of the most important challenges for the Government “for a good part of next year”, in what it considered an international phenomenon “not so difficult to control.” .
“The highest inflation has been in food and energy and it hurts the poorest, but it responds to external factors. Even if the BCRP raises the interest rate to 500%, the price of oil is not going to fall ”, he explained.
On the international scene, the dollar comfortably held its 4½-year highs against the yen and tested the levels of $ 1.12 against the euro on Wednesday after strong US data and aggressive comments from decision makers. Fed policymakers will boost expectations of a rate hike as early as mid-2022.
The dollar index, which measures the currency against six rivals, was 0.1% higher at 96.053 after hitting 95.884 for the first time since July last year.
Meanwhile, Wall Street banks have begun publishing their late 2022 forecasts for the dollar.
Thus, Barclays expects a modest depreciation of the safe haven currency over the next year. While Morgan Stanley predicts a bullish and bearish profile for the greenback. For its part, Goldman Sachs also expects a decline in the currency. Finally, JP Morgan “the divergence of monetary policy continues to be an issue for some pairs.
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