Today, Tuesday, March 1, the dollar closed the exchange session rising for the second consecutive day.
The exchange rate went from S/ 3,782 to S / 3.79 at the interbank levelaccording to information from Central Reserve Bank (BCR).
During this day the greenback it rose only up to 0.20% in the Peruvian market.
But, despite these results, so far this year the dollar it still accumulates a fall of 5.04% compared to the price registered at the end of 2021.
Why does the dollar go up?
On this day, most markets in Latin America were trading lower due to the persistent global risk aversion generated by the conflict between Russia and Ukraine.
According to the Archyde.com agency, in this session the markets were preparing for the consequences of the growing economic isolation of Russia after the invasion of Ukraine.
Investors indicated that for Latin America the main source of risk is the increase in the prices of raw Materialssuch as oil, wheat, and corn.
With an increase in prices, a greater inflationwhich could lead to tighter monetary policy stances.
Despite this, Citigroup points out that while Latin America is not in the political spotlight, “rising tensions could make the region an arena for them to play out, as global powers form new alliances or revitalize old ones.”
In addition to this, the Peruvian market is also in uncertainty due to the renewed political crisis.
Price for purchase and sale
The platform, how much is the dollar.pe, indicates that in the parallel market the dollar the dollar is bought at S/ 3.76 and sold at S/ 3.80 on average.
While in digital exchange houses the green ticket it is bought at an approximate S/ 3.77 and it is sold at about S/ 3.81.