how much is the euro today in Peru? Here we tell you what is the price of this currency in Peru for this Wednesday, January 25, 2023. To date, the quotation The euro continues to fall and globally it is close to a minimum figure of two decades, according to the latest data issued by the Central Reserve Bank (BCR).
WHAT IS THE PRICE OF THE EURO TODAY?
In today’s session, Wednesday, January 25, 2023, the price of the euro is quoted at S/ 4.24.
WHAT IS THE EURO?
The euro It is the currency of the European Union, made up of 17 states: Germany, Austria, Belgium, Cyprus, Slovakia, Slovenia, Spain, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands and Portugal. In the eurozone, the euro is used by 329 million citizens, while in the rest of the world 240 million also use it as a means of exchange.
WHY IS THE EURO FALLING?
This is due to the strength of the dollar, supported by the monetary policy of the United States Federal Reserve (Fed).
Contrary to the European Central Bank (ECB), the Fed quickly began raising interest rates to fight inflation.
Those high interest rates make holding dollars more profitable, attracting investors and further appreciating the currency.
For its part, the ECB has finally raised its rates moderately, but its long-term policy is unknown, and this uncertainty weighs against the euro.
WHICH BANKS IN PERU SELL AND BUY EUROS
Meet the banks in Peru that offer purchase and sale of euros:
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.