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Exchange rate: A decline of 1.31% was recorded compared to Tuesday

The exchange rate was quoted at S/ 3,750 per dollar, a decline of 1.31% compared to Tuesday’s close, at S/ 3,800, reported the Central Reserve Bank of Peru (BCR). So far this year, the greenback has accumulated a drop of 6.03% compared to the last price of 2021, at S / 3,991.

In the exchange session, the issuing entity auctioned one-month certificates of deposit for S/ 200 million at an average interest rate of 3.48%. In addition, certificates of deposit with a three-month variable rate for S/ 308 million at an average margin of 0.04%.

“During the day, there was a strong supply of dollars, largely due to the payment of taxes and the flow of banks cutting positions. US$ 362 million have been traded in the market at an average price of S/ 3.7700 and there was no BCRP intervention with financial instruments to mitigate currency volatility”said Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta 4 SAB Peru.

On the other hand, in the parallel market or the main exchange houses, the dollar it was bought at S/ 3,745 and sold at S/ 3,780, according to the portal

Regionally, Latin American currencies were mixed on Wednesday, amid a slight pullback from the dollarwhile most stocks rose on lower risk aversion, with markets eyeing the minutes of the latest US Federal Reserve monetary policy meeting due later.

According to the Reuters agency, the dollar fell for a second day on Wednesday as investors worried less about the risk that Russia invade Ukraine and awaited the publication of the minutes of the Fed’s January meeting.

However, the possibility of a prompt rise in US interest rates and positive data from the world’s largest economy put a brake on the fall in the dollarwhose index fell by around 0.1%.

Source: Elcomercio

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