The dollar closed today, Saturday April 23, in the parallel market at S/ 3,730 for purchase and S/ 3,775 for sale. In addition, according to the Bloomberg portal, the exchange rate is at S/ 3.7688.
For its part, in the banking market the currency is quoted as follows:
| Banco | Purchase | Sale |
|---|---|---|
| BCP | 3,822 | 3,824 |
| Interbank | 3,710 | 3,832 |
| BBVA | 3,718 | 3,819 |
| Scotiabank | 3,645 | 3,860 |
| National bank | 3,700 | 3,860 |
At the national level, the head of the MEF declared that the current objective is to reach a public debt of no more than 30% of GDP in 2032. In 2020, Peru’s public debt reached 35% of GDP. At the end of 2021, it remained below 40%, which is equivalent to a better position than most Latin American countries.
In addition, the Minister of Economy and Finance, Óscar Graham, announced the presentation of a bill to restore the fiscal rulessuspended for 2020 and 2021, in order to face the consequences of the COVID-19 pandemic.
Globally, world stock markets reached their lowest level for five weeks, while international investors are preparing for interest rate hikes in the United States, the United Kingdom and the euro zone, as reported by the Archyde.com agency.
How much does high interest rates in banks affect the economy?
What is the exchange rate?
To exchange a currency we use the exchange rate which is the price of one country’s currency (currency) in terms of another. It is also known as the exchange rate in other countries.
Why is the exchange rate important?
The exchange rate or exchange rate is important because it helps us know how many units of national currency must be paid to obtain a foreign currency. For example, in Peru, to obtain a dollar, you must pay 3 soles and a little more.