Dollar in Peru: exchange rate closed higher and stands at S/ 3.7825

The price of the dollar closed higher on the day of this Monday, March 21, and stood at S / 3.7825. In this way, the greenback rose by 0.04% in relation to the last settlement on Friday, when it reached S / 3.7809, according to a report from the Central Reserve Bank of Peru (BCRP).

In the parallel market, the refuge currency is quoted at S/ 3,765 for purchase and S/ 3,800 for sale. For its part, in the main banks of the country the dollar is located at S/3.7617 for purchase and S/3.8167 for sale, according to the portal How much is the dollar.

Today, US$ 367 million were traded at an average price of S/ 3.7875, the BCRP intervened with a 1-year Exchange Swap Sale (fixed rate) for S/ 200 million.

Locally, the Peruvian sol depreciated due to the persistent political problems that we have in Perunow with the current conflict in PetroPerú, since yesterday Hugo Chavez resigned from general management. On the other hand, S&P downgraded Peru’s credit rating from “BBB+” to “BBB” and its long-term rating in local currency from “A-” to “BBB+”.

In addition, the S&P revised Peru’s outlook on its long-term ratings to stable from negative. This low rating is due to the withdrawal of pensions and dependence on external financing that Peru now has. Due to these factors, it causes a lack of confidence among investors, generating growth limitations in Peru, according to Allison Pérez, of Renta4.

Oil prices rose further today after talks between Russia and Ukraine they appeared to show no signs of progress, and markets continued to worry about supply shortages, prompting a call from the International Energy Agency to cut demand for oil. Crude futures were up more than 3% on Monday morning during Asian trading, with international benchmark Brent crude at $111.46 and US futures at $108.25, Renta4 reported.