Dollar in Peru | Exchange rate closed higher at S/ 3.91 after Fed rate hike | SBS | Sunat | BCR | Ocona | rmmn | ECONOMY

The price of the dollar in Peru closed higher on Wednesday, in the midst of a global advance of the dollar, and after the rise in interest rates by the United States Federal Reserve (Fed).

The exchange rate ended at S/ 3,910 per dollar, an advance of 0.20% compared to Tuesday’s close of S/ 3,902, according to the Central Reserve Bank of Peru (BCR).

So far this year, the greenback accumulates a decline of 2.03% compared to the last price of 2021 at S / 3,991.

On the other hand, in the parallel market or the main exchange houses, the dollar is bought at S/ 3,880 and sold at S/ 3,910, according to the portal cualestaeldolar.pe.

“Today’s session began with the opening of the market at S/ 3,897. The demand was by corporate and offshore. We had no intervention from the BCR”said Alexander Javier, Forex trader at Renta4 SAB.

“US$ 173 million were traded in the market at an average price of S/ 3.9005. In addition, the Fed increased its reference rate by 0.75% in accordance with market expectations”he added.

According to the Efe agency, the United States Federal Reserve (Fed) announced this Wednesday a rise in the official interest rate of 0.75 points, the fifth increase since March and the third consecutive three-quarters of a point, in a new attempt to control inflation.

The US central bank met the expectations of economists and the official interest rate of the world’s largest economy now stands at a range of between 3% and 3.25%, the highest level in the last 14 years.

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After a two-day meeting, the members of the Federal Open Market Committee of the Fed made this decision, which will be justified by the president of the Reserve, Jerome Powell, in a press conference.

The Article Is In Spanish🡽

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