Dollar in Peru: Exchange Rate, Market Trends, and Global Impact – Latest Updates

2024-02-14 20:38:59

During the day on Wednesday, February 14, the dollar in Peru closed lower, following the losses of the previous day, due to higher-than-expected inflation data from the United States.

The exchange rate ended the day at S/ 3,875 per dollar, a decline compared to Tuesday’s close of S/ 3,884, according to data from the Bloomberg Agency.

So far this year, the greenback has accumulated a decline of 4.53% compared to the last quote in 2023, at S/ 3,807.

READ ALSO: Price of the dollar: expectations for the first semester

Parallel market

In the parallel market or the main exchange houses, the dollar is bought at S/ 3,877 and sold at S/ 3,883, according to data from the portal .

Likewise, the average price in the banking market is S/ 3.86 for purchase and S/ 3.88 for sale.

READ ALSO: Inflation returns to BCR’s target following 32 months, what will happen to deposits?

Dollar globally

Latin American markets rose on Wednesday, recovering from the previous session’s losses, which followed higher-than-expected US inflation data.

The CPI figure for the world’s largest economy for last month caused traders to delay their expectations for an interest rate cut by the Federal Reserve.

They now see three cuts of 25 basis points during 2024, less than the four reductions previously estimated. The first reduction might occur in June.

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