The exchange rate closed today at S/3.7270, 0.88% less than yesterday, when it was at S/3.7600, according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, the greenback is now at S/3,710 for purchase and S/3,740 for sale; while in the banking market, it is at S/3,681 and S/3,769 for purchase and sale, respectively.
During the day, US$206 million were traded on the interbank spot market, out of a daily average for the week of US$249 million. In addition, There was an expiration of the Exchange Swap Sale by the BCRP for S/300 million, of which only S/150 million was renewed at 6 months. Although demand pressure is generated for the remaining S/150 million, this was compensated by the supply of dollars that entered today, said Jimena Torres, Foreign Exchange Trader at Renta4 SAB.
On the other hand, the pattern was set by the BCRP’s decision to maintain the reference rate at 5.75% in July for the second consecutive month. The BCRP board opted to keep the key rate unchanged, arguing that underlying inflation remains outside the target range and continues to show this in specific service sectors.
Annual inflation rose from 2% to 2.3% in June, within the target range, but core inflation over the 12 months remained at 3.1%, exceeding the established target, Torres said.
So far this year, the dollar has accumulated a variation of 0.54% and in interannual terms, of 4.05%, according to the BCRP.
Source: Larepublica
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