Dollar closes at S / 4.00 for the second consecutive day despite BCR intervention

The dollar price US currency in Peru closed at S/4.00 this Tuesday, while global market investors continued to search for clues about future movements in interest rates in the United States.

The exchange rate closed at S/4.00 per dollar, a minimum decline of 0.05% compared to Monday’s close at S/4.002, according to the Central Reserve Bank of Peru (BCR). So far this year, the greenback accumulates a decline of 0.65% compared to the last price of 2021, at S / 3,991.

Today, US$253 million were traded in the market at an average price of S/3.9968, said Allisson Pérez, Foreign Exchange trader for Renta4 SAB.

“During the day, the offer came from offshores, while the demand came from corporate. The BCR intervened with exchange rate swaps for S/500 million for three months with an average rate of 3.74% and S/200 million for six months with an average rate of 4.19%. Today there were maturities of exchange swaps for sale for S / 800 million “he pointed.

He added that on the day a minimum price of S/3,993 and a maximum price of S/4.00 were obtained.

In the parallel market or the main exchange houses, the dollar is bought at S / 3.98 and sold at S / 4,005, according to data from the portal cualestaeldolar.pe. This Monday, the Ministry of Economy and Finance (MEF) approved the National Plan for Sustainable Infrastructure for Competitiveness (PNISC) 2022-2025, which includes 72 projects to be prioritized with a total investment of S/146,622.

At a global level, the expert said that there is negative data in the United States regarding the fall in real estate prices and the lack of consumer confidence from The Conference Board. On the other hand, the Chinese yuan falls to its lowest level since 2007.