“Dollar in Peru: Latest News and Updates on Exchange Rates, Markets and Investing”

2023-05-18 04:59:00

During the early hours of Thursday, May 18, the dollar in peru is operating downwards, given a lower appetite of investors for the risk assets, while the markets followed the development of the negotiations to extend the US debt limit.

The exchange rate began the day at S/ 3,695 per dollar, a slight drop compared to Wednesday’s close of S/ 3,697, according to data from the Bloomberg Agency.

So far this year, the greenback has accumulated a decline of 0.53% compared to the last price of 2022, at S/ 3,807.

READ ALSO: Lima stock market might rise 21% until the end of the year

Parallel market

In the parallel market or the main exchange houses, the dollar is bought at S/ 3.67 and sold at S/ 3.70, according to data from the portal .

Likewise, the average price in the banking market stands at S/ 3,678 for purchase and S/ 3,683 for sale.

dollar globally

The currencies of Latin America recorded a mixed close the previous day, in a context of global advance of the dollar and a decreased appetite investors by risky assets, while the markets followed the development of the negotiations to extend the US debt limit.

READ ALSO: BVL would be driven by better export prices in 2023

According to Archyde.com Agency, the dollar rose on Wednesday, benefiting from its safe-haven status once morest the risk of a US default, and because traders reduced bets on a cut in interest rates from the Federal Reserve in the near term following strong US consumer spending data.

The American president, Joe Biden, and House Speaker Kevin McCarthy, a Republican, have come close to an agreement to raise the country’s debt ceiling, but have not yet finalized it.

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