The dollar fell yesterday at the end of the session and was quoted at S / 3,974, according to the Central Reserve Bank of Peru (BCRP). Thus, the exchange rate fell 0.71%, compared to last Friday (S / 4.0025).
Likewise, it closes below S / 4.00 and is the lowest value in two months, since it equals its price of October 25. In the parallel market the purchase is quoted at S / 3,965 and the sale at S / 4,000. While in the main banks the price is located at S / 3.9470 for the purchase and S / 4.014 for the sale.
Experts consulted by La República assured that this decrease is mainly due to external factors such as the low risk of the omicron variant, which has generated the supply of dollars from non-resident investors, in addition to local factors such as possible changes in the cabinet, the calm of the market after the attempted vacancy and the distraction of the agents regarding the greenback in the last part of the year.
“It seems that omicron it does not generate complications in global recovery. There is a relatively positive sentiment in the markets, which is why we saw that the riskiest investment indicators in the stock market have hit historical. This has been reflected in the currencies of emerging economies such as Latin America, “he said. Hugo Perea, Chief Economist for Peru at BBVA Research.
While, Arturo Garcia, an economist at ESAN, attributed the decline in the dollar to the rise in the reference rate to 2.50% of the BCRP, in addition to “the approval of Parliament so that all constitutional changes must go through Congress before going to a referendum. As well as possible changes in the cabinet ”.
For his part, Javier Pineda, manager of Billex, indicated that this is due to the effect of the end of the year, that is, an apparent calm in the market and due to the “frustrated vacancy attempt.”
Along these lines, Jorge Ojeda, professor of Finance at the UPC, did not rule out the “Possible sale of dollars by people who bought at the time it began to rise to spend parties”, which could cause the exchange rate to drop.
The key
Performance. The Peruvian sol was the best performing currency within emerging markets with + 0.78%, according to information from Bloomberg.
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