Price of the dollar LIVE: what is the exchange rate today, Saturday, October 23?

The price of the dollar in Peru expects to close the week in a stable way, as it has been developing in recent days. At the beginning of the day today, Saturday October 23, the currency opened at S / 9605, after it closed the day before at S / 3.9471, according to the report from the Central Reserve Bank of Peru. The current price of the greenback occurs in a context in which 42% of the population approves the management of Pedro Castillo as president of Peru, according to the Datum survey for El Comercio.

Likewise, in the economic sphere, on Thursday, October 21, the BCRP sold US $ 1 million at an average exchange rate of S / 3,955 per dollar, to mitigate the volatility of the currency. In addition, according to the Bloomberg portal, the exchange rate is S / 3,966. Along these lines, today’s dollar exchange rate in Lima’s informal market operates at S / 3,970 soles for purchase and S / 3,890 soles for sale.

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The Central Reserve Bank of Peru (BCRP) raised the maximum interest rate for the period November 2021 – April 2022 to 83.64%. The last update of the BCRP, between May and October 2021, granted a maximum interest rate of 83.4%, six tenths lower.

In this way, the maximum conventional compensatory interest rates applicable for the period between November 1, 2021 and April 30, 2022 will amount to 83.64% per year in national currency.

What is the exchange rate?

To change a currency we use the exchange rate which is the price of the currency of one country (currency) in terms of another. It is also known as the exchange rate in other countries.

Why is the exchange rate important?

The exchange rate or exchange rate is important because it helps us to know how many units of national currency must be paid to obtain a foreign currency. For example, in Peru, to obtain a dollar, three soles and a little more must be given.