The price of the dollar in Peru closed higher in the first session of the week and touched a maximum of two and a half months, while a global wave of risk aversion boosted the dollar in world markets due to doubts about the recovery of the global economy. .
Ethe exchange rate ended at S/ 3,806 per dollaran advance of 0.95% compared to the close of Friday at S/ 3,770, according to the Central Reserve Bank of Peru (BCR).
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This result includes a maximum of two and a half months, when on February 8 the US currency was traded at S/ 3,836. So far this year, the greenback accumulates a decline of 4.63% compared to the last price of 2021, at S / 3,991.
“US$ 442 million were traded in the market at an average price of S/ 3.8173. The flow of supply came from local corporations, while demand from non-residents, the dollar was pressured upwards throughout the day by expiry of currency swaps sale for S / 897″said Asvim Asencios, Foreign Exchange trader for Renta4 SAB.
“The BCR intervened by placing currency swaps for sale for S/ 535 million and with a sale of US$ 241 million at an average exchange rate of S/ 3,818 to stop the depreciation of the local currency”he added.
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At the local level, greater uncertainty is generated in the market due to the increase in prices of the main products of the family basket and gasoline. In addition to this at the political level, the President of the Republic announced that he will present a bill to Congress so that it can be consulted in a referendum if the country agrees with a new Constitution at the last meeting of the Council of Ministers.
On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,770 and it is sold at S/ 3,810, according to the portal cuantoestaeldolar.pe.
Regionally, Latin American currencies and stock markets posted heavy losses on Monday, hit by a global wave of risk aversion that fueled the dollar in world markets due to doubts about the recovery of the economy due to increases in interest rates, outbreaks of coronavirus in China and the war in Ukraine.
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According to the Archyde.com agency, the dollar hit a two-year high on Monday as a wave of risk aversion swept through global markets, while the yuan headed for its longest three-day losing streak in nearly four years on growing concern. due to an economic slowdown in China.
With the war in Ukraine entering a third month and growing concerns over a COVID-19 outbreak in China sending Chinese stocks tumbling, investors were dumping currency market favorites such as the dollar Australian and the ‘offshore’ yuan.
Facing a basket of notable coins, the dollar It was up 0.6% to 101.62 units, a level last seen in March 2020, and headed for its biggest daily gain since March 11.