After two days on the rise, the dollar fell by 1.32% and closed at S/ 3,750 at 1:30 p.m. on Wednesday, February 16, after the day before it had a value of S/ 3,800, according to the report of the Central Reserve Bank of Peru (BCRP).
A) Yes, the Peruvian sol was the currency that appreciated the most in the region (1.32%). So far in 2022, the US currency has fallen by 6.08%, according to information from Bloomberg.
Meanwhile, the parallel exchange rate was between S/ 3,745 for purchase and S/ 3,780 for sale. While in the main banks of the country, the refuge currency reached S/ 3,778 and S/ 3,798, the purchase and sale; respectively.
Gianina Villavicencio, Manager of Foreign Exchange Brokerage at Renta 4 SAB Peru, explained that during the day there has been a strong supply of dollars, largely due to the payment of taxes and the flow of banks cutting positions. Thus, US$ 362 million have been traded on the markets at an average price of S/ 3.7700 and there was no BCRP intervention with financial instruments that mitigate currency volatility.
“Globally, the dollar has continued to decline as investors are less concerned about the risk that Russia invades Ukraine, in addition to this, the minutes of the last monetary policy meeting of the Fed are awaited, where it is expected that a rise in interest rates will be reiterated for March, ”says the expert.
Source: Larepublica
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