Exchange rate: the dollar begins to decline above S/3.6870 this Friday, January 12

Exchange rate: the dollar begins to decline above S/3.6870 this Friday, January 12

The day before, the BCRP agreed to lower the reference interest rate by 25 basis points to 6.50%, a cut that began in September 2023.

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  • Price of the dollar in Peru: what is the exchange rate quote this Friday, January 12?
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The dollar exchange rate began downwards around S/3.6870 this Friday, January 12, according to preliminary data from the Bloomberg international currency exchange portal.

The day before, the greenback began its career at S/3.6995 and then progressed to S/3.7030, according to the official scoreboard of the Central Reserve Bank (BCRP.)

At the local level, the Central Reserve Bank of Peru (BCRP) agreed to lower the reference interest rate by 25 basis points to 6.50%, a cut that began in September 2023. On this occasion the entity specified that they took into account that the twelve-month inflation rate fell from 3.6% in November to 3.2% in December.

At the international level, China’s exports registered their first decline in seven years in 2023, according to official data published this Friday, figures that reveal the tension with the United States and the impact of the weak recovery of the global economy.

ABOUT THE AUTHOR:

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Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.

Source: Larepublica

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