The price of the dollar in Peru closed higher on Monday, in the face of greater risk aversion caused by the political crisis around a possible vacancy of President Pedro Castillo and the impact of the sanctions on Russia due to the conflict in Ukraine.
The exchange rate The session ended at S/3,782, an increase of 1.19% compared to Friday’s close, at S/3,737, according to data from the Central Reserve Bank of Peru (BCR).
So far this year, the greenback accumulates a decline of 5.24% compared to the last price of 2021, at S / 3,991.
“During the day the flow of demand came from the off shore market, which generated the depreciation of the local currency driven by an environment of greater risk aversion on the part of investors seeking refuge in the dollar due to the political noise within the country and the conflict between Russia and Ukraine at a global level”, pointed out Asvim Asencios, currency trader at Renta4 SAB.
“In the local market, US$327 million were negotiated at an average price of S/3,757. Today the BCR intervened with S/600 million at an average rate of 0.00% and direct sale of US$70 million at a exchange rate average S/3,781 to stop the depreciation of the sun”, he added.
On the other hand, in the parallel market or the main exchange houses, the dollar it was bought at S/3,745 and sold at S/3,790, according to the portal cuantoestaeldolar.pe.
Regionally, Latin American stock and currency markets were mixed on Monday, amid heightened uncertainty following a new wave of Western sanctions once morest Russia for the invasion of Ukrainewhich kept risk aversion afloat.
According to the Archyde.com agency, the West has tried to block Russia with a series of measures, such as the closure of airspace to Russian planes, the exclusion of some Russian banks from the SWIFT global financial network and the limitation of Moscow’s ability to deploy its foreign exchange reserves of US$630 billion.
“Latin American currencies were mixed with an appreciation of the dollar At a global level, measures related to the access of Russian banks to SWIFT were announced over the weekend. The central bank of Russia raised its interest rate to 20% from 9.5%, an emergency measure to try to face the economic sanctions of different Western countries”, explained Asencios.
Earlier, other announcements were added, such as that of the energy giant BP, the multinational bank HSBC and the world’s largest aircraft leasing company, AerCap, to the growing list of Western companies that intend to leave Russia.
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