BCRP made the largest dollar purchase to avoid the sun’s strong appreciation: US$436 million

The dollar would fall even more
Without BCRP’s intervention, the dollar would have fallen more. – Peru/BCR/Freepik credit score information

This year is 2025 Central Reserve Bank of Peru (BCRP), an organization led by economists Julio Velarde Floresbought dollars again. It has been about five years, since the COVID-19 pandemic, that the bank has held this promotion.

So this November 2025 BCRP bought dollars againand, according to the latest statements of the president of the institution, this was done to prevent a greater fall in the rate of exchange, and a very great rise in the Peruvian salt.

So this Tuesday, December 30th at 1:30 p.m., the moment in which BCRP also reports the price of the dollar at the close: “The central bank bought 436 million US dollars at an average exchange rate of S/$3.3628 to the dollar.” Thus, the dollar rate closed at S/3.3640.

Julio Velarde explained why
Julio Velarde explained why BCRP buys dollars. – BCRP capture credit

In the words of the former Minister of Economy Luis Miguel Castillathe acquisition of BCRP dollars does not seek to change the underlying trend, but rather to reduce the speed at which it manifests itself. That is, currently the exchange rate has accumulated several drops and, according to the last BCRP exchange session, was S/3.3640 per dollar.

But by acquiring dollars, the organization under the chairmanship of Julio Velarde seeks not to grow, but only to mitigate this decline. That is, if BCRP had not intervened in the course, it could have fallen more.

“This year we intervened with some force in the stock market. We assessed ourselves: the sun strengthened itself quite strongly, in spite of BCRP interventionbuying dollars, both spot and derivatives. (…) We are making interventions so that the exchange rate does not rise so fast,” Velarde noted in the latest inflation report this year.

During Christmas week
During the Christmas week in Peru, BCRP made three purchases, one for each session, before holidays and non-working days. – Andina Credit
  1. Wednesday, November 5: The central bank bought 27 million US dollars at an average rate of S$3.3660 to the dollar
  2. November 11, Tuesday: The central bank bought 77 million US dollars at an average rate of S$3.3625 to the dollar
  3. Wednesday, November 26: The central bank bought 171 million US dollars at an average rate of S$3.3649 to the dollar
  4. Thursday, November 27: The central bank bought 78 million US dollars at an average rate of S$3.3649 to the dollar
  5. Friday, November 28: The central bank bought 157 million US dollars at an average rate of S$3.3635 to the dollar
  6. Wednesday, December 3: The central bank bought 51 million US dollars at an average rate of S$3.3620 to the dollar
  7. Wednesday, December 17: The central bank bought 289 million US dollars at an average rate of S$3.3677 to the dollar
  8. Thursday, December 18: The central bank bought US$240 million at an average rate of S$3.3670 to the dollar.
  9. Friday, December 19: The central bank bought 150 million US dollars at an average rate of S$3.3670 to the dollar
  10. Monday, December 22: The central bank bought 323 million US dollars at an average rate of S$3.3667 to the dollar
  11. Tuesday, December 25: The central bank bought 140 million US dollars at an average rate of S$3.3650 to the dollar
  12. Wednesday, December 24: The central bank purchased US$137 million at an average rate of S$3.3640 to the dollar.
  13. Tuesday, December 30: The central bank purchased US$436 million at an average rate of S$3.3628 per dollar.

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