The exchange rate of the dollar closed the month of May downwards and was located at S/3.6710, according to the official dashboard of the Central Reserve Bank (BCRP).
The day before, the North American currency had ended the date at S/3.6750, and then progressed to S/3.6710 this morning. Thus the dollar weakens by 40 points against the Peruvian sol.
During the day, the supply came from the off shore market, with the dollar reaching a minimum level of S/3.6690. US$357 million were negotiated in the market at an average price of S/3.6790.
Gianina Villavicencio, Foreign Exchange Brokerage Manager at Renta4 SAB, explained that today exchange rate swaps for sale for S/400 million expired, renewing S/250 million for 6 months with an average rate of 5.49%.
Globally, the dollar recovers a few points after data showing that European inflation is cooling faster than expected, reducing the pressure on the European Central Bank (ECB) to continue raising interest rates, which decreases the attractiveness of the euro against the dollar. The DXY trading at 104.22 (+0.14%).
Source: Larepublica
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