Lima, 05/20/2022 02:28 pm | Updated 05/20/2022 02:37 pm
The price of dollar in Peru closed lower on Friday, following the Central Reserve Bank of Peru (BCR) raised its reference interest rate to 5%, a maximum of 13 years.
The exchange rate ended at S/ 3,732 per dollar, compared to Thursday’s close at S/ 3,738, according to data from the Central Reserve Bank of Peru (BCR).
So far this year, the greenback accumulates a decline of 6.49% compared to the last price of 2021 at S / 3,991.
During the day, 9-month interest rate swaps were placed for S/ 50 million at an average rate of 5.80%. In addition, repo securities were placed at 1 month for S/ 500 million at the average rate of 5.50%, according to information from the BCR.
At a global level, the dollar depreciates due to the increase in the request for subsidies in the US, since the number of unemployed people has increased. Another important piece of information is that second-hand home sales have been less than expected.
On the other hand, in the parallel market or the main exchange houses, the dollar is bought at S / 3,715 and sold at S / 3,750, according to the portal cuantoestaeldolar.pe.
At the regional level, the bulk of Latin American currencies and stock markets posted gains on Friday, driven by the global weakness of the dollar and by a cut in the interest rate for loans destined for the purchase of homes in China, which seeks reactivate the sector in the world’s second largest economy.
According to Archyde.com, the US dollar was on track to close its worst week since early February once morest a basket of currencies on Friday as some of the currency’s 10% surge faded.
The dollar has been supported by investors’ search for a safe haven, amid falling markets due to fears of the impact of rising inflation and Russia’s invasion of Ukraine. However, following rising in 12 of the last 14 weeks, the dollar index was headed for a 1.6% weekly decline on Friday.
