Dollar in Peru: what is the exchange rate today, Tuesday, May 3, 2022

The price of the US dollar in Peru was trading lower in the informal or parallel market today, Monday, May 2, 2022. The exchange rate fell to S/ 3,810 for purchase and S/ 3,840 for sale, according to exchange houses in Lima.

On the other hand, in the interbank market, the greenback closed at S/ 3,836, according to data provided by the Central Reserve Bank of Peru (BCR).

The monetary entity detailed that the dollar has a decline of 3.88% 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 a regional level, the currencies of Latin America depreciated on Monday, due to a greater aversion to risk that led investors to seek refuge in the US currency before the meeting of the Federal Reserve this week, in which a rise in interest rates in the United States.

According to the Reuters agency, to this was added a drop of more than 2% in crude oil prices, due to the fact that the concern about the weak economic growth of China – the world’s largest oil importer – overshadowed the fear that the supply would be seen limited by a possible European Union ban on the entry of Russian barrels.

“A more “hawkish” stance on the part of the Federal Reserve favors the dominance of the dollar at a global level and therefore Latin American currencies depreciate,” said Andrés Cuartas, manager of international fixed income at Renta4Global.

“Similarly, agents are cautious about possible announcements of monetary policy meetings in Brazil and Chile, for which an increase of 100 basis points is expected,” he added.