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Exchange rate in Peru: how much it is trading today, Tuesday, October 12, 2021

The price of the dollar in Peru today, Tuesday, October 12, 2021, starts at S / 4.0715, according to the Bloomberg portal. The North American currency is quoted in the parallel market at S / 4,060 the purchase and S / 4,100 the sale. On the last day, on Monday, October 11, the dollar closed at 4.0730 soles, according to the Central Reserve Bank of Peru (BCRP). This figure was higher than the opening, which stood at 4.0625.

The exchange rate experienced a consecutive fall in the last two days, after it hit an all-time high of 4.1380 on Wednesday, October 6. The economist Kurt Burneo, interviewed in RTV, explained that this drop in the greenback is related to the appointment of Mirtha Vásquez to the head of the Council of Ministers, replacing Guido Bellido. It also had to do with the ratification of Julio Velarde as chairman of the board of the BCRP.

The Government of Pedro Castillo ratified in recent days its aspiration to incorporate Peru as a member of the Organization for Economic Cooperation and Development (OECD), in what appears to be a new gesture towards financial markets. “The link between Peru and the OECD can continue to promote the improvement of the living conditions of all citizens and mitigate the negative effects of the pandemic, “said the Foreign Ministry on Twitter.

This Monday, October 11, the winners of the 2021 Nobel Prize in Economics were also announced. The recognized prize was awarded to three economists: David Card from Canada, Guido Imbens from the Netherlands and Joshua Angrist from the United States. Canadian economist David Card will receive half the money for analyzing the effects of the minimum wage, immigration and education on the labor market. Their studies showed that, for example, raising the minimum wage does not necessarily lead to fewer jobs.


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