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Dollar to Peru: exchange rate rises again to S/3.96, why is this happening?

The dollar rose again earlier this week.

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The price of the dollar in Peru closed the day today, Monday, July 11, with a new upsurge.

Then you know the price of the dollar on the interbank market and the selling price in money changers and financial institutions.

How much is a dollar worth today in Peru

The Central Reserve Bank (BCR) reported that this afternoon exchange rate in Peru, it fell from 3.90 to 3.96 spires at the interbank level.

During today’s exchange session, the price of the dollar in the Peruvian market rose by about 0.053%. With this result, the dollar reaches its highest level in almost half a year, since it has not reported such a price since the beginning of January.

Despite the high price of the dollar, BCR indicates that so far in 2022 the exchange rate is -0.76% lower than the price recorded at the end of 2021.

The dollar index has seen several currencies drop, but there are three emerging currencies, with the Russian ruble in first place with a gain of 17.26%, then the Brazilian real with 4.28% and in third place the Peruvian sol at 2.91%.

Why did the dollar rise?

According to Reuters, the US currency continues to rise due to fears of global growth. In addition, also dollar stands firm against the euro fell by 0.34%.

Rodrigo Catril, currency strategist at National Australia Bank, told Reuters that investors are moving away from riskier assets, which is broadly supporting the dollar.

“The (dollar) may remain expensive until the risks associated with high global inflation, European energy security and China’s growth outlook are addressed,” Barclays (LON:BARC) analysts said in a note to investors.

The experts also expect the behavior US IPC (Consumer Price Index) as the Fed decides this week on a 50 or 75 basis point hike at its July meeting.

Dollar price for buying and selling

according to the platform how much is a dollar.pemoney changers buy dollars at S/3.87 and sell at S/3.91 on average.

Whereas at digital exchanges, a green ticket is bought at around S/3.92 and sold at around S/3.97.

In addition, banks have calculated that the purchase price of a dollar is between SGD 3.71 and 3.95, and the selling price is between SGD 3.96 and 3.99.

Source: RPP

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