Price of the dollar in Peru: how much is the exchange rate quoted today, Monday, April 22?

Price of the dollar in Peru closes higher this Monday, April 22. Photo: composition Infobae/Aarón Ramos

The price of American dollar closed the exchange session today, Monday, April 22, with an increase of S/3.6990according to him Central Reserve Bank of Peru (BCRP). This amount implied an increase of 0.43% compared to the S/3.6830 of the session recorded last Friday by the issuing entity.

If we consider the data of the last seven days, the American dollar records a drop of 1.22% and in the last year it still maintains a decrease in 0.34%.

Analyzing this data with that of previous days, it breaks the negative streak of market prices of the last three days. Regarding the volatility of the last few days, it presents a clearly higher behavior than the volatility shown in the figures for the last year, therefore it is going through a phase of instability.

Price of the dollar in Peru closed at S/3.6990. Photo: BCR capture
Price of the dollar in Peru closed at S/3.6990. Photo: BCR capture
Price evolution of the dollar today, Monday, April 22. Photo: Bloomberg
Price evolution of the dollar today, Monday, April 22. Photo: Bloomberg

Banco de Crédito del Perú (BCP)

  • Buys: S/3,639
  • Sale: S/3,725

Scotiabank

  • Purchase: S/3,605
  • Sale: S/3,778

National bank

  • Purchase: S/3,626
  • Sale: S/3.7600

Interbank

  • Purchase: S/3,630
  • Sale: S/3,775
Dollar in parallel market is S/3.70. Photo: Andina/Vidal Tarqui
Dollar in parallel market is S/3.70. Photo: Andina/Vidal Tarqui

The price of the greenback in the parallel market or exchange houses is S/3.70, while at the counters of the main banks it is quoted on average at S/3.80.

After 2023 considered as one of the worst years For the Peruvian economy, this year the conditions seem to be in place for 2024 to be a recovery, after the El Niño Phenomenon (FEN) weakens. According to the latest report from the INEI, the Peruvian economy registered a growth of 2.85% in February, the highest rate in a year and a half.

The government’s estimate is to reach a growth of Gross Domestic Product (GDP) of at least 3%; the same estimate is from BCentral Reserve Bank.

Despite the political crisis that Peru is currently experiencing and against all odds, the economy of this country boasts of being a of the most stable of the Latin American region, because while other currencies have experienced fluctuations, the peruvian sun has been strengthened.

The coronavirus pandemic generated a series of negative economic effects worldwide – such as inflation – which, also combined with Russia’s invasion of Ukraine and local monetary policy decisions, have been weakening the dollar.

However, the Peruvian currency has shown resilience to these events and has strengthened against the greenback and the euro. If the positive factors that have supported the sun in recent months continue, the currency could continue with the same streak in the coming months and even years.

The Peruvian sol is one of the most stable currencies today.(Reuters)
The Peruvian sol is one of the most stable currencies today.(Reuters)

The resistance of the Peruvian sol in the face of other adversities that have managed to hit other currencies has made it become a “shelter currency”especially in countries where dollars have been scarce, as is the case of Bolivia.

Although economic analysts have reduced their growth expectations for the Peruvian sol for the next two years, it is nevertheless expected that macroeconomic balances will continue to support the sun.

The sol has been legal tender in Peru since 1991 and replaced intiwhich circulated between 1985 and 1991, was initially also called as “new Sun” to differentiate it from its predecessor, but in 2015 it is called only the sun.

The origin of the new sun is understood after the world crisis of 1929, which led to a deep economic and exchange crisis in the country, as well as the creation of the Central Reserve Bank of Peru. It was during the first year of Alberto Fujimori’s government that the new sun was promoted to balance the hyperinflation and reorganize the economy.

After it came into effect, one sol was equivalent to one million intis or one billion “old” sols; Today the currency is divided into 100 cents and its issuance is regulated by the Central Reserve Bank of Peru.

Currently circulating coins of 10, 20, 50 cents, 1, 2 and 5 soles and bills of 10, 20, 50, 100 and 200 soles. Previously, 1 cent coins were also minted, but these were withdrawn from circulation in May 2011, while in January 2019 the 5 cent coins went out of circulation.

 
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