Dollar in Peru: what is the exchange rate today, Thursday, March 17

The price of the US dollar in Peru was trading lower in the informal or parallel market today, Thursday, March 17, 2022. The exchange rate rose to S/ 3,700 for purchase and S/ 3,730 for sale, according to exchange houses in Lima.

On the other hand, in the interbank market, the greenback closed at S/ 3,722, according to data provided by the Central Reserve Bank of Peru (BCR).

The monetary entity detailed that the dollar has a decline of 6.73% 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.

At the regional level, most of the currencies and the bulk of the stock markets in Latin America closed higher on Wednesday, due to a greater appetite for risk, given signs of a possible solution to the conflict between Russia and Ukraine, in a day in which attention was focused on the monetary policy meeting of the United States Federal Reserve (Fed).

Russia said on Wednesday that peace talks with kyiv are not easy, but there are signs a deal can be reached, and Ukraine’s neutrality is under serious discussion.

“Negotiations are not easy for obvious reasons,” Russian Foreign Minister Sergei Lavrov told RBC channel. “But nevertheless, there is some hope of reaching a compromise.”

Meanwhile, the Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected that rates will be in a range between 1.75% and 2% by the end of the year, an aggressive stance against inflation. which will push borrowing costs to restrictive levels in 2023.

In a new monetary policy statement, marking the end of the US central bank’s all-out battle against the coronavirus pandemic, the Fed stressed the enormous uncertainty it faces from the war in Ukraine and the ongoing health crisis, but still said “continued increases” in fed funds rates to curb the highest inflation in 40 years “will be appropriate.”