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Dollar in Peru: what is the exchange rate today, February 28, 2022

Lima, February 28, 2022Updated on 02/28/2022 12:03 am

The price of the US dollar in Peru operated with a sharp drop in the informal or parallel market today, Monday, February 28, 2022. The exchange rate climbed to S/ 3,715 for purchase and S/ 3,760 for sale, according to exchange houses in Lima .

On the other hand, in the interbank market, the greenback closed at S/ 3,737, according to data provided by the Central Reserve Bank of Peru (BCR).

The monetary entity detailed that the dollar has a decline of 6.35% so far in 2022, compared to the result recorded at the end of last year (S / 3,991)

The foreign currency registered an appreciation of 10.28% at the end of 2021 due to the impact of political uncertainty and doubts about the economic outlook due to the new variants of the coronavirus.

“The Peruvian exchange rate continues to present upward pressures in the fourth quarter of 2021, which is associated with both domestic and external factors”said the BCR in its latest inflation report.

The institution highlighted that the US currency has been affected in recent months, mainly by political noise, announcements of possible nationalization, problems with mining companies, greater risk aversion due to fears of global inflationary pressures, the omicron variant of the coronavirus and a new presidential vacancy request.

So far this year, the monetary entity has offered US$17.6 billion in the foreign exchange market through sales in the spot market (US$11.6 billion) and net placement of foreign exchange derivatives and CDR BCRP (US$6.0 billion).

The projections for the closing of the exchange rate in 2022 are between S/ 4.10 and S/ 4.20, while for the next year it would range between S/ 4.01 and S/ 4.25.

Source: Elcomercio

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