The exchange rate closed today with S/3.8100, 0.40% more than the last day, where it targeted S/3.7950, according to the Central Reserve Bank of Peru (BCRP). It is the maximum since February 16 of this year, when it marked S/3.8220.
In the parallel market, the greenback is now at S/3,780 for purchase and S/3,815 for sale; while in banking, the purchase and sale is at S/3,767 and S/3,852, respectively.
US$365.2 million dollars were traded in the market at an average price of S/3.7874. Likewise, the BCRP intervened with direct sales of dollars in the market for 5 million at a price of S/3.8086, and with Exchange Swaps sales for 1.3 billion between 3 and 6 months, explained Gianina Villavicencio, Manager of Foreign Exchange Intermediation at Rent4 SAB.
Locally, The BCRP will issue bonds for up to US$3,000 million to manage debt, generating high demand and an increase in the exchange rate. Globally, the dollar continues to lose positions due to the uncertainty of interest rate cuts for this year.
New York Federal Reserve Bank President John Williams signaled that interest rates will fall gradually over time, but declined to say when the central bank may begin the process of easing monetary policy.
So far this year, the dollar has accumulated a variation of 2.78% and in year-on-year terms of 4.96%, according to the BCRP.
Source: Larepublica
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