For the third consecutive day, the price of the dollar closed higher and was trading at S/3.7980 this Wednesday, November 8, which represents an increase of 0.50%, compared to Tuesday’s close when it stood at S/3.779. according to the official report of the Central Reserve Bank of Peru (BCRP). So far this year, the exchange rate shows a variation of -0.24%.
The US currency in the parallel market It was quoted at S/3,780 for the purchase and S/3,810 for the sale. While in the banking market The purchase reached S/3,756 and the sale reached S/3,843 at the counters of the Banco de Crédito del Perú (BCP).
Carlo León, Fixed Income Manager at Prima AFP, points out that the rise in the dollar is due to the growth that the United States GDP has been experiencing, which has led to the foreign currency is appreciated globally. While on the local side, a weaker economy than expected is observed.
“A economy (American) much more resilient than the entire market expected has caused the dollar to strengthen against all currencies in the world. Added to that is the new geopolitical conflict in Israel and they take the dollar as a refuge currency. On the internal side it is due to a Peruvian economy that appears much weaker than expected,” the expert explained.
Finally, León estimates that in the short and medium term the dollar will be between a range of S/3.75 and S/3.85.
Source: Larepublica
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