Exchange rate: dollar starts stable and remains at S/3,680 this Monday, April 8

Exchange rate: dollar starts stable and remains at S/3,680 this Monday, April 8

The dollar exchange rate started today’s day with S/3,680, according to preliminary data from the Bloomberg international currency exchange portal. Similar closing level on Friday, April 5.

The greenback had started its career at S/3,687 and then decreased until the official closing on April 5 with S/3,680 and an accumulated variation of -0.73% so far this year, according to the Central Reserve Bank of Peru (BCRP).

At the end of the first week of April, in the parallel market, the North American currency stands at S/3.66 for purchase and S/3.69 for sale; while in banking, the purchase and sale is at S/3,669 and S/3,7008, respectively.

Asvim Asencios, Foreign Exchange Trader at Renta4 SAB, pointed out during the last day of April 5 that US$219 million were traded in the market at an average price of 3.6873. The BCRP intervened by placing S/300 million in Swap Exchange Sale.

At a global level, the United States unemployment figure in March stood at 3.8%, which indicates that employers have hired more people than expected by the market and drives the American currency to appreciate, which may somewhat delay an interest rate cut. Analysts have their projections of some change in interest rates starting in September of this year.

Source: Larepublica

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