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Today, Wednesday, August 10, the dollar in Peru ended the day with a new fall.
Next, get to know exchange rate in the interbank market and purchase and sale prices in money changers, exchange offices and financial organizations.
How much is a dollar worth in Peru today
This afternoon, the Central Reserve Bank (BCR) reported that the exchange rate in Peru at the interbank level rose from 3.93 C/W to 3.90 C/W.
At the close of this session, the price U.S. dollar presented a significant drop of approximately 0.80% in the Peruvian market.
The dollar’s decline came after the Bureau of Labor Statistics announced that US inflation eased in July, largely due to falling gasoline prices.
Given this result in the foreign exchange market, BCR calculates that price in dollars in Peru it is 2.33% lower than reported at the end of 2021.
Why did the dollar fall?
On this day, the price of the dollar fell sharply against other currencies, including the currencies of Latin America. According to Reuters, the world price dollar fell about 1.4%.
As we mentioned above, this decline in the dollar came after the news of lower-than-expected lower inflation in the US chilled the possibility of aggressive rate hikes going forward.
Although in July Prices data released this Wednesday by the US Bureau of Labor Statistics also showed that underlying pressures remain high.
The slowdown in inflation will change the market’s expectations regarding the next meeting of the US Federal Reserve System (Fed), which will have to decide on the next increase in interest rates in September.
Dollar price for buying and selling
The platform, how much is the dollar.pe, reports that money changers they buy the dollar at S/3.88 and sell it at S/3.92 on average.
Whereas at digital exchanges, a green ticket is bought at around S/3.89 and sold at around S/3.91.
Besides, in banks it is estimated that the purchase price of the dollar is between SGD 3.80 and 3.86 and the selling price between SGD 3.93 and 3.98.
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.