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Dollar in Peru: exchange rate reported a sharp fall and closed at the lowest level in the last 10 months

What is the exchange rate today? | Fountain: Andean

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Today, Thursday, April 27, the price of the dollar continues to fall to its lowest level in 10 months.

Further know exchange rate in the interbank market and the purchase-sale price in exchange offices, exchange offices and financial organizations.

How much is a dollar worth today in Peru

According to the Central Reserve Bank (BCR), this afternoon price in dollars at the interbank level, it fell from S/3.74 to S/3.72.

The price of the dollar hit its lowest level since June 21, 2022 after falling more than 0.50%.

This autumn exchange rate this happened in anticipation of the results of the regular meeting of the US Federal Reserve System (FRS) on monetary policy.

Globally, Reuters points out that weaker-than-expected US economic growth in the first quarter is not thought to discourage the Federal Reserve from raising interest rates next week.

“A preliminary estimate of the gross domestic product (GDP) for the first quarter showed an annual rate of 1.1% for this period. economy it rose 2.6% in the fourth quarter. Economists polled by Reuters had forecast GDP growth of 2.0%,” they note.

Dollar price for buying and selling

According to the cuantoestaeldolar.pe platform, today money changers they buy the dollar at S/3.71 and sell it at S/3.74 on average.

It is estimated that at digital exchanges, a green ticket is bought for about S/3.71 and sold for about S/3.75. For example, this afternoon at Rextie they buy a dollar at S/3.71 and sell at S/3748.

It should be mentioned that this price in dollars it will remain in that range until 09:00 the next day when the exchange market in Peru reopens.

What is this for? External factors?

Today’s close represents the lowest level that haven’t seen since June 2022. In this sense, in conversation with RPP News, Teodoro Crisologo, Senior Analyst, Peruvian Institute of Economics (IPE) explains that it is connectedmainly due to external factors related to US economic activity in the first quarter of 2023.”

“The US economy showed an annualized quarterly growth of 1.1%, below forecast. At the same time, markets expected the US Federal Reserve to be close to halting the interest rate hike it has been doing since early 2022,” Crisologo said.

The specialist also points out thatit was one of the fastest rate hikes in the last 40 years in the US. And it is this possible pause that could increase the risk appetite of financial markets.”

Source: RPP

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