Dollar price: how will the exchange rate change this month?

Today, Wednesday, July 27, the dollar in Peru closed the month with a slight increase.

Next, get to know exchange rate in the interbank market and the sale price in exchange offices and financial institutions.

How much is a dollar worth in Peru today

The Central Reserve Bank (BCR) said that the exchange rate in Peru fell from S$3.92 to S$3,922 at the interbank level this afternoon.

With this logout price in dollars rose almost to a low of 0.05% in the Peruvian market.

But the US dollar is estimated to have gained about 2.4% during that month.

Despite the constant rise in the price of the dollar, BCR indicates that exchange rate this is still 1.73% below what was recorded at the end of 2021.

It is worth noting that this is the last exchange session of the month, as the Peruvian foreign exchange market will be closed on the upcoming holidays on July 28 and 29.

Globally, the dollar fell against other major currencies after learning of the US Federal Reserve’s (Fed) monetary policy update, Reuters reports.

This Wednesday, the Fed raised interest rates by 0.75%, as FX market operators had expected, given the high inflation in USA.

But the US central bank said that while the labor market remains strong, other economic indicators have weakened.

“Of course, you can see the policy statement as aggressive, but it is quite consistent with what they said in the last two meetings: they will continue to grow, assessments have led them to restrictive territory, they are now neutral, and they still think that they have to enter restricted territory,” said Marvin Loh, senior global market strategist at State Street in Boston.

The specialist added that the dollar was supposed to fix more strength in the “environment in which it is aggressive”, but since rate increase As expected, there was not much movement.

Although the dollar rose after the rate hike was announced, it quickly reversed course and weakened further along with Treasury yields.

“Hopes for a slower pace of growth rates lowered expectations for further rate hikes, lower bond yields, tighter credit spreads and rising equity prices,” George Boery, chief fixed income investment strategist at Allspring Global Investments, told Reuters.

Despite this, the agency points out that fluctuations were multidirectional in the currency and stock markets of Latin America.

Dollar price for buying and selling

According to the platform, how much is a dollar.pe. money changers they buy the dollar at S/3.90 and sell it at S/3.93 on average.

Whereas at digital exchanges, a green ticket is bought for about S/3.90 and sold for about S/3.94.

Besides, in banks It is estimated that the purchase price of a dollar is between 3.82 and 3.90 shillings, and the selling price is between 3.93 and 4 shillings.