For the second consecutive day, the dollar rebounded (0.09%) to trade at S/ 3.80 at 1:30 p.m. on Tuesday, February 15, according to information from the Central Reserve Bank of Peru (BCRP).
Meanwhile, the parallel exchange rate was between S/ 3.79 for purchase and S/ 3.82 for sale. While in the BCP, the refuge currency reached S/ 3.77 and S/ 3.82, the purchase and sale; respectively.
Despite the result, the Peruvian sol only depreciated by -0.13%; according to Bloomberg; the Colombian peso took the lead by falling -0.23%. While the local currencies that gained the most were the Chilean peso (1.48%), the Brazilian real (0.76%) and the Mexican peso (0.24%).
During the day, the issuing entity placed a 3-month BCRP CDV auction: S/ 600 million at an average margin of 0.04% and a 1-month BCRP CD for S/ 600 million at an average interest rate of 3.48 %. Added to this were the Exchange Rate Swap Sale (fixed rate) for S/ 200 million at 6 months, at an average rate of 0.52%.
According to Alberto Arispe, general manager of Kallpa SAB, he maintained that the rebound of the US currency was due to the high demand for dollars from offshores and due to renewals of flows by the AFPS.
“Today (Tuesday 15) financial instruments expired at the AFPs, forward or swap. They are renewing them so the dollars would not enter the market, which motivates less supply and upward pressure”, the analyst specified.
Internationally, the dollar fell and the euro strengthened after Russia said some of its troops were returning to base after exercises near Ukraine, reducing some investors’ anxiety about the crisis in the region.
The US dollar index was down 0.37%, while the euro was up 0.46% against the dollar.
Source: Larepublica
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