Dollar in Peru: What is the exchange rate for today, Saturday November 12

The dollar price The US in Peru opened lower on Saturday, after the Central Reserve Bank of Peru (BCR) raised its benchmark interest rate to 7.25%, while, globally, markets are hopeful that the Federal Reserve adopt a less aggressive policy due to signs of cooling inflation in the United States.

The exchange rate began the day at S/ 3.8602 per dollar, a fall of 0.17% compared to Thursday’s close of S/ 3,870, according to the Bloomberg agency.

So far this year, the greenback has accumulated a 3.03% decline compared to the last price of 2021, at S/ 3,991.

In the parallel market or the main exchange houses, the dollar is bought at S/ 3.84 and sold at S/ 3.88, according to data from the portal cuantoestaeldolar.pe.

On Thursday, the Central Reserve Bank (BCR) raised the reference interest rate by 25 basis points for the fourteenth time, going from 7% to 7.25%, continuing with the adjustments of the monetary policy position.

For this decision, the entity considered that the twelve-month inflation rate fell from 8.53% in September to 8.28% in October, while the twelve-month inflation rate without food and energy increased from 5.51% in September to 5.72% in october.

Globally, the dollar fell on Friday, extending losses from the previous day, when it posted its biggest daily plunge in seven years, after lower-than-expected US inflation, making it less likely that the Federal Reserve keep raising interest rates aggressively.

The data showed that consumer inflation rose 7.7% year-on-year in October, its lowest rate since January and below forecasts of 8%.