Exchange rate: Dollar closes lower today, Thursday, July 25, at S/3.7500

The exchange rate closed today at S/3.7500, 0.71% less than the last day, when it was at S/3.7770 according to the Central Reserve Bank of Peru (BCRP).

In the parallel market, the greenback is now at S/3,740 for purchase and S/3,780 for sale; while in the banking market, it is at S/3,698 and S/3,792 for purchase and sale, respectively.

During the day, the dollar was under downward pressure due to offers from local banks and corporations, leading the currency to a minimum price of S/3.7450 and a maximum of S/3.7800. Also, US$237 million were traded in the market at an average price of S/3.7597 and S/800 million expired in Foreign Exchange Swaps Salewhich were renewed between 3 and 12 months, said Gianina Villavicencio, currency brokerage manager at Renta4 SAB.

On the other hand, at a global level, the dollar recovers after learning that US GDP grew 0.7% during the second quarter of 2024three-tenths more than between January and March, due to increased consumer spending in a context of declining inflation and a solid labor market, Villavicencio added.

So far this year, the dollar has accumulated a variation of 1.16% and in interannual terms, of 4.05%, according to the BCRP.

Source: Larepublica

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