Dollar in Peru: Latest Updates and Market Trends

2024-01-26 01:17:05

During the day on Thursday, January 25, the dollar in Peru closed higher, following expected data from the US economy that was above market forecasts and did not cause a change with respect to expectations regarding the start of cuts of rates by the Federal Reserve (Fed).

The exchange rate ended the day at S/ 3,767 per dollar, an advance compared to Wednesday’s close of S/ 3,761, according to data from the Bloomberg Agency.

So far this year, the greenback has accumulated a decline of 1.62% compared to the last quote in 2023, at S/ 3,807.

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Parallel market

In the parallel market or the main exchange houses, the dollar is bought at S/ 3,755 and sold at S/ 3,760, according to data from the quéestaeldolar.pe portal.

Likewise, the average price in the banking market is S/ 3.75 for purchase and S/ 3.77 for sale.

Dollar globally

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Latin American currencies registered uneven behavior in the first hours of business on Thursday, following expected data from the US economy that were above market forecasts and did not cause a change with respect to expectations regarding the start of rate cuts by the Federal Reserve (Fed).

The United States economy grew more than expected in the fourth quarter in a context of strong consumer spending and left in nothing the predictions of those who expected a recession in 2023 due to the aggressive increases in interest rates, with an expansion for the entire year of 2.5%.

Gross domestic product last quarter rose 3.3% at an annualized rate, the Commerce Department’s Bureau of Economic Analysis reported Thursday in its advance estimate of fourth-quarter GDP.

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