Price of the dollar in Peru today: exchange rate for Friday, August 25

WHAT IS THE EXCHANGE RATE?

The exchange rate is a reference used in the foreign exchange market to know how many units of one’s own currency must be paid to receive a currency from a different country.

What is the Ocoña dollar?

The Ocoña dollar is the “street dollar”, that is, the informal exchange rate, the one that is bought and sold in the parallel market or exchange houses. The Ocoña jirón and the “Ocoña dollar” are still valid as a reference in the parallel market for the purchase and sale of dollars.

Source: BBVA

Where to see the price of the dollar?

The official closing price for the day can be found on the website of the Superintendency of Banking, Insurance and AFP (SBS).

What is the difference between the buy and sell price of the dollar?

• Purchase price: what the buyer is willing to pay to acquire the asset.

• Sale price: what the seller is willing to receive for selling the asset.

What does the price of the dollar depend on?

It depends on the supply and demand of the market. How hard is it to get it for someone who needs it and how easy is it to sell it to someone who has it?

Check the price for buying and selling the dollar in the country this Friday, August 25.

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