The exchange rate closed today with S/3.7300, 1.008% less compared to the day on Tuesday, April 30, where it targeted S/3.7680 according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, the greenback is now at S/3.71 for purchase and S/3.74 for sale; while in banking, the purchase and sale is at S/3,725 and S/3,747, respectively.
On the other hand, US$276 million were traded today in the interbank spot market and there was a fairly busy session with downward pressure on the currency after the FED kept its rates unchanged, with a market that now projects a single increase of rates by the end of 2024, said Jimena Torres, Foreign Exchange Trader at Renta4 SAB.
Likewise, Torres explains that The day was marked by a significant flow of supply from offshore clients associated with the flow of bonds while corporate clients were mixed.. In addition, there was an expiration of the exchange swap sale of the BCRP for S/900 million, of which S/300 million was renewed for three months.
So far this year, the dollar has accumulated a variation of 0.48% and in year-on-year terms, 0.62%, according to the BCRP.
Source: Larepublica
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