Peru: euro opening rate today 25 april EUR to PEN

At the beginning of the day, the euro was trading at the opening at 4.04 soles on average, which represented an increase of 1.79% compared to 3.97 soles on average in the previous session.

Taking into account last week, the euro accumulated a rise of 1.16%; despite this, in year-on-year terms, it still accumulated a decrease of 14.96%. In relation to previous days, it adds two successive sessions in positive values. As for the volatility of the last dates, it is lower than the data obtained for the last year (19.08%), so its price is showing fewer changes than expected in recent dates.

In the annual photo, the euro has reached a maximum of 4.52 soles on average, while its lowest level has been 3.90 soles on average. The euro is positioned closer to its minimum value than to the maximum.

The sun has been the legal tender in Peru since 1991 and replaced the inti, which circulated between 1985 and 1991. At first it was also called “nuevo sol” to differentiate it from its predecessor, but by 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 rate 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 hyperinflation and reorder the economy.

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

At present, coins of 10, 20, 50 cents, 1, 2 and 5 soles and banknotes of 10, 20, 50, 100 and 200 soles are circulating. Before, 1-cent coins were also minted, but these were withdrawn from circulation in May 2011, while in January 2019 the 5-cent coins came out of circulation.

On the other hand, the exchange rate parity with respect to the dollar and the euro is fixed daily by the agency in charge. It should be noted that since 2014 the Peruvian currency has been in depreciation.

On the economic side, the World Bank (WB) has predicted that by 2022 Peru will have growth of only 3.2% after it had a 13% rebound in 2021. Likewise, by 2023 it would slow down to grow by only 3 percent.

However, experts have assured that Peru could experience a deterioration in business confidence in the face of the uncertainty that exists in the policy and fiscal rules that are intended to be carried out.

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