Dollar in Peru: Exchange rate rises again to 3.90 soles, why is this?

The price of dollar in Peru closed the day today, Friday, July 8, with a new rise.

Below is the price of dollar in the interbank market and the price for sale in money changers and financial entities.

How much is the dollar today in Peru

The Central Reserve Bank (BCR) reported that this afternoon the exchange rate in Peru went from S/ 3,891 to S/ 3,909 at the interbank level.

During today’s trading session, the dollar price rose around 0.50% in the Peruvian market.

With this result, the greenback reaches its highest level in almost six months, since it had not reported a quotation So since the beginning of January.

Despite the high price shown by the dollarthe BCR indicates that so far in 2022 the exchange rate is still 2.05% lower than the price registered at the end of 2021.

Why did the dollar rise?

According to the Archyde.com agency, the dollar rise It came after the publication of labor data in the United States.

“U.S. nonfarm payrolls increased by 372,000 jobs last month, the Labor Department reported on Friday. Economists polled by Archyde.com had forecast 268,000 Job positions added last month,” the agency said.

Job growth in USA rose more than expected in June and the unemployment rate remained near pre-pandemic lows, with the US Federal Reserve expected to announce another interest rate hike of 75 basis points this month.

During the morning it was reported that, globally, the US currency reached a new maximum of two decades against other currencies, including the euro.

Archyde.com adds that the dollar has hit consecutive 20-year highs this week, winning in five of the last six weeks.

Despite this rise in the dollar, the central manager of Economic Studies of the BCRAdrián Armas, pointed out that although a strengthening of the dollar is seen, so far this year the Peruvian sol is one of the currencies with the greatest appreciation.

As you remember, in Peru the central bank works with something called “dirty float”, which consists in the fact that the central bank tends to buy Dollars when the exchange rate falls and to sell the dollars when the exchange rate rises.

Dollar price for buying and selling

According to the platform, how much is the dollar.pe, the money changers they buy the dollar at S/ 3.87 and sell it at S/ 3.91 on average.

While in the digital exchange houses the green ticket is bought at approximately S/ 3.89 and is sold at about S/ 3.92.

Furthermore, in the banks It is estimated that the purchase price of the dollar is between S/ 3.81 and S/ 3.88 and for sale it is between S/ 3.89 and S/ 3.98.

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