2024-01-23 17:21:38
Two factors influence. The first is the relationship that Peru has with the dollar’s reference nation, the United States. And the second is expectation, which consists of “a feeling of risk.” According to UPC Finance professor, Jorge Luis Ojeda, “when interest rates here are higher than in the United States, the exchange rate goes down because it is more attractive to place money in soles, then (foreign) capital comes; But when the relationship is inverse, the dollar rises.”
On the other hand, “if we see that here in Peru there is some type of risk, people immediately try to buy dollars and that obviously drives the dollar up.”
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