The dollar fell at the beginning of this week, with the exchange rate opening at S/ 3,688 according to the Central Reserve Bank. This represents a 0.05% drop compared to its last close on Friday, March 8. The Peruvian sol has strengthened so far this year with an appreciation of 0.51%.
On a global level, the President of the Federal Reserve of the EU, Jerom Powell, stated that they are close to reducing inflation to the target. However, he mentioned that “a little more evidence” is needed before cutting borrowing costs. The President of the Central Reserve Bank, Julio Velarde, will present the Inflation Report with new projections this Friday, and is expecting economic growth in Peru in the first quarter of this year.
In terms of the price of the dollar for buying and selling, money changers are buying the dollar at S/ 3.68 and selling it at S/ 3.70 on average. Digital exchange houses have an approximate purchase price of S/ 3.68 and sell it for around S/ 3.69.