On the eve, the exchange rate It ended with a value of S/3.8230, its highest value in seven months, reported the Central Reserve Bank of Peru (BCRP).
At the opening of this Wednesday, October 4, Bloomberg states that the dollar started at S/3.8211.
It should be added that at the interbank level the dollar is bought at S/3,762 and sold at S/3,857 at the BCP counters. While in the parallel market, especially in Jirón de la Unión, the exchange rate is S/3.80 for purchases and S/3.83 for sales.
During the last month, the dollar in the Peruvian market has increased by 3% since August 24, when it was at S/3.6920. The reasons? According to Javier Pineda, general manager of Billex, the downward trend in interest rates in soles has led the dollar to rise in a context where the United States Federal Reserve (Fed) maintains or increases them.
“The FED has hinted that the interest rate in dollars could rise again this year, creating a favorable differential for the dollar and leading to an increase in the exchange rate in Peru, which could reach S/3.85 at the end of the year, and even exceed this figure,” he said.
Source: Larepublica
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