The exchange rate closed today at S/3.7290, 0.56% less than the previous day, when it was at S/3.7500, according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, the greenback is now at S/3,720 for purchase and S/3,750 for sale; while in the banking market, it is at S/3,698 and S/3,807 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/3.72 and a maximum of S/3.74. Also, US$222 million were traded on the market at an average price of S/3,7324 and S/700 million in Foreign Exchange Swaps for Sale expired, which were renewed between 3.6 and 12 months, said Asvim Asencios, currency trader at Renta4 SAB.
On the other hand, The market expects a first cut of 25 basis points in September and will subsequently implement two additional cuts before the end of the year, Asencios said.
So far this year, the dollar has accumulated a variation of 0.59% and in interannual terms, of 3.67%, according to the BCRP.
Source: Larepublica
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