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Today, Monday, October 24, the price of the dollar in Peru rose to S/4, the price has not been seen since last year.
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 today in Peru
According to the Central Reserve Bank (BCR), the price of the dollar rose from S/3.98 to S/4.00 at the interbank level.
Price dollar presented an increase of approximately 0.30% in the Peruvian market, driven by various factors in the global economy.
With the result recorded, it is calculated that the exchange rate is now 0.28% higher than the price recorded at the close of the previous year.
It’s not the first time dollar reaches S/4. The exchange rate had already broken the S/4 barrier at the end of July 2021, when it supported this price for three months. It then rose again to that price in November and December last year.
Why did the dollar rise?
The rise in the dollar today is not a reaction to a sharp movement in the market, but is associated with a global trend, said Alberto Arispe, an economist and manager at Kallpa SAB.
Arispe specified that one of the factors that pushed the dollar up is high interest rates in USA, as well as the crisis in Europe and emerging markets. This, he points out, has determined that investors are selling risky and euro-denominated assets and prefer to buy dollars.
“The market trusts American economy compared to other economies, and high interest rates provide more demand for dollars in general,” he said.
In addition, he points out that in the local market, zero growth in private investment and a sense of stagnation in the country is limiting capital inflows and not supporting the Peruvian salt.
Dollar price for buying and selling
According to the platform, how much is the dollar.pe, today money changers they buy the dollar at S/3.98 and sell it at S/4.01 on average.
It is estimated that at digital exchanges, the dollar is bought at around S/3.99 and sold at more than S/4.00.
It is worth mentioning that this price in dollars it will remain in that range until 09:00 the next day, when the foreign exchange market reopens in Peru.
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.