The price of the dollar closed lower on the day of this Monday, March 7, and stood at S / 3.7250. In this way, the greenback fell -0.9% in relation to the last settlement on Friday, when it reached S / 3,759, according to a report from the Central Reserve Bank of Peru (BCRP). With this, the exchange rate reaches its lowest level so far during the government of President Pedro Castillo.
In the parallel market, the refuge currency is quoted at S/ 3,710 for purchase and S/ 3,755 for sale. For its part, in the interbank market it is located at S / 3,712 the purchase and S / 3,735 the sale in the Credit Bank of Peru (BCP), according to the portal How much is the dollar.
According to Gianina Villavicencio, Manager of Foreign Exchange Brokerage at Renta 4 SAB Peru, during the day the flow of supply came from the off shore market, while the demand came to a small extent from corporations. In the local market, 143 million dollars were negotiated at an average price of 3.7432. Today the BCR intervened with S/ 200 million in currency repos at an average rate of 4.70% for one week
At the local political level, the spokesperson for Renovación Popular, Jorge Montoya reported that he will present the presidential vacancy motion against Pedro Castillo on Tuesday, March 8, which so far has 40 signatures. While at a global level, risk aversion due to the war in Ukraine, makes the markets rule out that it will end soon and leads investors to take refuge in the dollar, the yen or the Swiss franc.
Source: Larepublica
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