He dollar It closed the day of this Friday, October 20, 2023 higher and stood at S/3.8810, which meant an advance of 0.21% compared to Thursday’s close when it was quoted at S/3.8730, according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a variation of 1.94%.
At 2.00 pm the US currency in the parallel market It was quoted at S/3,840 for the purchase and S/3,880 for the sale. While in the banking market The purchase amounted to S/3.8430 and the sale amounted to S/3.9110 at the counters of the Banco de Crédito del Perú (BCP).
At the local level, the foreign currency was pressured upwards due to high demand in the off shore market and corporates showing two-way flows, taking the currency to a maximum price of S/3.8810. Likewise, US$332 million were negotiated in the market at an average price of S/3.8739, reported Gianina Villavicencio, manager of Currency Intermediation at Renta4 SAB.
On an international level, Jerome Powell, president of the Federal Reserve (Fed), confirmed the pause on its interest rates, between 5.25% and 5.5% at the November meeting. However, he did not rule out the possibility of further rate increases until before the end of the year.
Source: Larepublica
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