The dollar price has been regularized in recent weeks, due in part to internal circumstantial factors and also influenced by the response of the currencies of the countries of the region, in the face of the war between Ukraine and Russia, since in the weeks after the attacks military there were record outflows of investment flows in that part of the world. In that context, the economy social and political in Peru, caused companies to sell more dollars since the beginning of 2022 compared to 2021, where the health crisis and the situation promoted the purchase of the US currency for the various economic activities of the country.
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For specialists, this behavior of buying and selling dollars by companies, responds mainly to the economic recovery that occurred last year. Thus, there was an increase of more than 200% in total dollars exchanged during the first quarter of 2022, compared to the same period in 2021, according to a report by the currency exchange technology company Tucambista.pe.
“So far this year, the dollar has fluctuated between S/ 3.78 and S/ 3.87, which is why, from our experience in the field of online exchange houses, we can tip the balance so that the dollar would remain for below 4 soles until the middle of this year. However, this projection is subject to the absence of atypical situations that generate global financial conflicts”, assured Jorge Chang, CEO and co-founder. of the technology firm.
In the case of natural persons, there is an 8% increase in the average ticket registered in the first quarter of 2022 compared to the previous year, generated by a greater demand for dollars to travel abroad, purchase vehicles and households. Taking into account that most of them are paid in dollars and their demand was paralyzed during the pandemic.
It is important to understand that one of the reasons for the fall of the US currency is due to the increase in the reference interest rate as a monetary policy to avoid inflation by the Central Reserve Bank (BCR). In such a way, that foreign capitals are attracted with greater profitability and that causes the entry of dollars, increases supply and lowers the price.