Dollar: Today, March 17, the market price in Peru

After the start of the trading session, the US dollar traded at a sole of 3.71%, up 0.41% from the previous day when it ended with a sole of 3.70.

we take into account the data of the last 7 days, the US dollar rose 0.44%, or another 0.05% over the year. By analyzing this data with the previous day's data, it ends two consecutive sessions. Compared to last week's volatility, it is 3.26%, which is significantly lower than the annual volatility figure (18.85%), indicating that the price is fluctuating less than the recent general trend.

annual photo, the US dollar turned into the sole of 3.99, and the lowest level was 3.66 soles. The US dollar is closer to a low point than its maximum.

Unstable Peruvian

sun The sun had been legal tender in Peru since 1991 and replaced the inti that circulated between 1985 and 1991. Initially, it was also called “Nuevo Sol” to distinguish it from its predecessor, but in 2015 it was called the sun.

The emergence of the new sun is understood after the 1929 global crisis, which not only led to the creation of the Central Reserve Bank of Peru, but also caused a severe economic and exchange rate crisis in the country. In the first year of Alberto Fujimori's government, a new sun was promoted to balance hyperinflation and reorganize the economy.

After fermentation, the soil was equivalent to one million intis or one billion “old” suns. Today, the currency is divided into 100 cents and its issuance is regulated by the Central Reserve Bank of Peru.

Currently, coins of 10, 20, 50 cents, 1, 2 and 5 soles and banknotes of 10, 20, 50, 100 and 200 soles are in circulation. Previously, 1-cent coins were also issued, but they were withdrawn from circulation in May 2011 and the 5-cent coins were not in circulation in January 2019.

On the other hand, the parity of exchange rates against the dollar and the euro is fixed daily by the competent authorities. Since 2014, the Peruvian currency has been depreciated.

In terms of the economy, the World Bank (WB) forecasts that by 2022, Peru will grow by only 3.2% after rebounding 13% in 2021. Likewise, by 2023, it will slow down to only grow by 3%.

However, experts assured that the credibility of companies could be compromised in the face of the uncertainty that prevails in the policies and tax rules that Peru intends to implement.

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