Downward exchange rate: pay debts and buy dollars

Last Friday, the dollar completed three months with a downward trend and closed at S/3.71, getting closer and closer to S/3.70. The US currency reached its highest peaks in January, during the social outbreak, even reaching around S/3.90 (S/3.8940 on January 24); however, it closed the month at S/3.8470.

The behavior of the foreign currency began to stabilize in February, when its maximum level was S/3.8690. In the last session of this month, its price fell to S/3.7950.

In March, it only reached or exceeded the S/3.80 barrier on two occasions. He closed the month at S / 3.7640. While in the fourth month of the year, its maximum value was S/3.7850 in the April 10 session. In the last 10 days, the dollar lost against the sunaccording to the Central Reserve Bank of Peru (BCRP).

In the short and medium term

People who maintain debts in dollars, particularly mortgage loans, are the first group of direct beneficiaries of the downward trend in the exchange rate, since they will pay less in their principal installment, as well as in interest, he points out Cesar Fuentesdirector of ESAN’s Master’s in Public Management.

For his part, the economist Javier Zuniga It complements that it will also allow the decrease in the prices of imported inputs such as fuel, wheat and corn. This will promote, in the short term, the reduction of products such as chicken in the local market.

On the other hand, both experts agree that it is a good time to buy dollars “because they are relatively cheap” and there is the possibility that in the short term they will appreciate again in the long term.

However, economists advise people not to borrow in this currency.

Data

Suggestion. People must borrow in the same currency in which they receive their income, says Zúñiga.

figures. The majority of debts in foreign currency belong to large companiesaccording to sources.