The dollar started the week and closed the month with a rebound of 1.18% and stood at S/ 3.7820 at the end of the day on monday february 28; as reported by the Central Reserve Bank of Peru (BCRP).
The entity intervened in the market with the direct spot sale of US$ 70 million at a exchange rate average S/ 3.7814 per dollar. In addition, it placed S/ 600 million of foreign exchange swaps for sale at an average rate of 0.00%.
According to Asvim Asencios, Foreign Exchange Trader for Renta4 SAB, the rebound in the safe haven currency is due to the boost from an environment of greater risk aversion on the part of investors who “seek to take refuge in the dollar due to internal political noise. of the country and the conflict between Russia and Ukraine globally”.
Meanwhile, the analyst said that Latin American currencies were mixed with an appreciation of the dollar globally. In fact, the Peruvian sol, meanwhile, was the currency of the region that depreciated the most in the region with -1.66%; according to the Bloomberg meter.
It should be noted that measures related to Russian banks’ access to SWIFT were announced over the weekend. Russia’s central bank raised its interest rate to 20% from 9.5%, an emergency measure to try to deal with economic sanctions from various Western countries.
Source: Larepublica
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