Price of the dollar in Peru: What is the exchange rate for today, Sunday December 18

The dollar price The US in Peru opened higher on Sunday, December 18, given the global strengthening of the greenback after the US Federal Reserve announced higher interest rates for a longer period.

The exchange rate began the day at S/ 3.8483 per dollar, an increase of 0.37% compared to Saturday’s close of S/ 3.8340, according to the Bloomberg agency.

So far this year, the greenback has accumulated a 3.93% 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/ 3.82 and sold at S/ 3.85, according to data from the portal cuantoestaeldolar.pe.

In Peru, the Government formalized, through Supreme Decree No. 143-2022-PCM, the declaration of a state of emergency at the national level for a term of 30 calendar days.

“It was agreed to declare a state of emergency for the entire country due to the vandalism and violence, the seizure of highways and roads, which are already stabilizing acts,” said Alberto Otárola, Defense Minister.

For his part, the Minister of Economy and Finance, Alex Contreras, estimated that the country loses around S/ 100 million per day due to these protests.

On the other hand, the outlook on Peru’s long-term foreign currency debt rating was revised to negative from stable on Monday by S&P Global Ratings.

Globally, the United States Federal Reserve (Fed) raised interest rates by half a point, which will now be in a range between 4.25 and 4.5%, in a new attempt to contain inflation.

This is the seventh consecutive rate hike since March, although it is more attenuated than the last four, which were 0.75 points.

In its statement, the Fed’s Federal Open Market Committee also anticipated that new rate hikes “will be appropriate” in the future to continue helping contain prices and return the inflation rate to its 2% target.