In this note we will let you know the dollar price US currency in Peru today, Monday, December 19, 2022. In recent days, this currency opened higher after the US Federal Reserve announced higher interest rates for a longer period.
So far this year, the green ticket accumulates 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.
According to him Central Reserve Bank (BCRP), the price of the green bill went from S/3,839 to S/3,838 at the interbank level.
“During the day, the demand came from the ‘offshore’ market and the offer from local corporations, with the dollar reaching a maximum level of S/3,836. US$194 million were negotiated in the market at an average price of S/3,832. The BCRP did not intervene in the market”said Asvim Asencios, currency trader at Renta4 SAB.
Likewise, Ascencios said that the price of gold rose slightly this Monday, due to the weakening of the dollar globally before the expectations that interest rates would rise in the US for longer than expected. Although gold is a hedge against inflation, higher interest rates increase the opportunity cost of holding bullion that does not earn any interest.
At the local level, 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 the entire country in a state of emergency due to the vandalism and violence, the seizure of highways and roads, which are already stabilizing acts”indicated Alberto Otarola, Minister of Defense.
For his part, the Minister of Economy and Finance, Alex Contrerasestimated that the country loses around S/100 million a day from 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.