He dollar exchange rate It maintains its downward trend and closed yesterday, Friday, at S/3,6880, according to the Central Reserve Bank of Peru (BCRP). The fall responds to a combination of internal and external factors that have promoted the strengthening of the sun against the dollar.
“Although the initial projections for 2025 did not contemplate a drop in the dollar to these levels, the current economic dynamics have exceeded expectations,” said Jonathan Torres, a market analyst in Capitaria, to the Republic.
Exchange rate: Dollar down to when?
Pablo Leno Montero, General Manager of Income4 Peru Sab, explained to this newspaper that there are four factors that have diluted the value of the dollar: the tariffs of Donald Trump, the imminent peace between Russia and Ukraine, the good performance of the mining sector promoted by The rise in metal prices, and the sale of dollars from the corporate world.
And is that March begins the tax payment seasona period in which many companies must change their reservations in dollars to soles to fulfill their tax obligations.
This process increases the supply of dollars in the market, which can generate downward pressure on the exchange rate and, in some cases, to cause a temporary depreciation of the dollar against the sun.
“Do not get our attention if it reaches S/3,645, and to converge with the period of payment of income taxes, which is in a limbo of S/3.60 or S/3.62,” said Pablo Leno Huntsman.
Dollar in March
In a Pre -election yearit is unlikely that the exchange rate falls abruptly. The current context represents an opportunity for those who need dollars, since the most strategic decisions could be taken towards mid – Marchwhen the demand for the payment of taxes increases.
Later, the trend could be reversed. For the 2026 electionspolitical uncertainty could increase the volatility of the exchange market, promoting investors to take refuge in the dollar until there is greater clarity on the electoral landscape.
Source: Larepublica
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