EconomyDollar in Peru: What is the exchange rate for...

Dollar in Peru: What is the exchange rate for today, Sunday November 13

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The dollar price The US in Peru opened lower on Sunday, 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 Saturday’s close of S/ 3,870, according to the Bloomberg agency.

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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.

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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%.

Source: Elcomercio

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