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Today, Tuesday, July 5, the dollar in Peru closed the day with new growth quote.
Below is the price dollar in the interbank market and the sale price in exchange offices and financial institutions.
How much is a dollar worth today in Peru
This afternoon, the Central Reserve Bank (BCR) reported that the exchange rate in Peru rose from S$3,829 to S$3.86 at the interbank level.
During today’s trading session price in dollars in the Peruvian market, it rose by about 0.80%.
Now the price of the dollar is the highest recorded since the beginning of February, that is, such a high price has not been seen in the last five months.
Despite this result, BCR indicates that so far in 2022 exchange rate it still accumulates a 3.28% drop from the price recorded at the end of 2021.
Why did the dollar rise?
Today, emerging market currencies such as Latin America have been affected by the strengthening dollar globally.
Reuters reported that increased demand for dollars, a safe-haven currency, was driven by growing fears of a global recession.
They also indicated that the markets Latin America they followed in the footsteps of currencies like the euro, which plummeted to a two-decade low.
“We are in the midst of a global movement, there is a search for safe-haven assets, and this has led to a massive buying of dollars around the world (…) Currencies such as the Colombian, Brazilian and Mexican pesos are the ones that suffer mainly from the consequences” said Andres Cuartas, International Fixed Income Manager at Renta4Global.
In addition to this, some currencies, such as those of Chile and Peru, have been affected by falling prices for copperwhich collapsed to its lowest level in 17 months.
Dollar price for buying and selling
According to the platform, how much is a dollar.pe. money changers they buy the dollar at S/3.82 and sell it at an average of S/3.86.
While in digital exchange offices, a green ticket is bought at about S / 3.84 and sold at about S / 3.87.
Besides, in banks It is estimated that the buying price of a dollar is between SGD 3.76 and 3.83 and the selling price is between SGD 3.85 and 3.95.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.