Today the US dollar exchange rate closed in S/ 3,4980Noting the new historical minimum of July 21 2020If the S/ 3,4960 closure was recorded. This descent reflects the obvious tendency to evaluate the sun in front of the green ticket.
This price level confirms what it confirms The sun is strengthened steadilyWhat matters for both consumers and companies. In the global environment where the markets demonstrate volatility, this dollar cushioning in Peru charges even more relevance.
The basic bases of the fall of the exchange rate are diverse. On the one hand Mining Exportsespecially copper, created significant commercial surplus, accumulating around 24,000 million dollars Last year and wearing international Peruvian stocks close to 83,000 million dollarsequivalent to approximately 30 % of GDP. This firm financial situation has strengthened the trust of investors and allowed the state to intervene to stabilize the currency.
Moreover Inflation in Peru is supported at retained levelsAround the target range of the central bank, and the monetary authority decided to set Backpack rate by 4.50%. This relatively low cost of money causes consumption and domestic investments, strengthening the sun in the dollar.
Unlike bullish or changing behavior in many regional economies, The Peruvian sun It is fixed as one of the most stable coins in Latin America. In the context where other currencies face the marked depreciation, salt He demonstrated a marginal drop to the dollar, which caused perception of a valuable shelter.
This even led to border areas Bolivia and Brazil The sun is used as a more sustainable alternative currency, in the phenomenon called the conversation as “Halor”. Next we share the dollar price (one dollar) in other South America:
- Argentina: 1,421,99 Ars
- Brazil: 5.42 BRL
- Chile: 970.58 CLP
- Colombia: 3.922,10 police
- Bolivia: 6.93 Bob
- Paraguay: 7,186,47 PYG
- Uruguay: 39.94 this
- Venezuela: ≈ 154,79 Ves (market value, with great volatility and gaps between official and parallel tariffs)
- Gayana: 209.122 Gyd
- Surin: 38.69 SRD
- Ecuador: 1.00 USD (official currency)
In Argentina lives a completely different situation where the price dollar He registered a significant rebound after a recent election scenario. In a parallel market known as “dollar Blue, “the currency increased more than 50 pesos after a political lapel, while the country’s risk has exceeded 1000 points. This reaction reflects investors’ concerns to the economic and political uncertainty experienced by the country.
Election choices caused strong pressure on Argentine weight that depreciated around 4.3% vs. dollarTouching the lower limit of the exchange group created by the Central Bank. At the same time, sovereign bonds in dollars suffered an approximate fall by 9.2%, which emphasized the discomfort in the financial markets.
Turbulence also hit the stock market, with a sharp decrease in major rates and additional pressure on international stocks. Given this situation, the treasure intervened directly in the exchange market, using financial resources, in order to contain volatility and avoiding more currency rise.
