The Banco Central de Reserva del Perú (BCRP) released the official exchange rate for the U.S. dollar on Friday, 6 November. The dollar closed at 3.4250 Peruvian soles, after opening at 3.4340. The inter‑bank average for the day was 3.4270, with a high of 3.4380 and a low of 3.4210. In the parallel market, the “dólar Ocoña” and other informal rates were reported on Sunday, 8 November. According to SUNAT, the purchase rate was 3.4270 and the sale rate 3.4330. Ocoña reported a purchase rate of 3.4230 and a sale rate of 3.4250, while the parallel market price was 3.4150 for purchase and 3.4400 for sale. The BCRP publishes the daily reference rate, which reflects the value of foreign currencies relative to the Peruvian sol. The rate can fluctuate due to changes in supply and demand, and it influences the cost of imports, international services and the purchasing power of consumers. The official closing rate is available on the website of the Superintendencia de Banca, Seguros y AFP (SBS).
Article source: El Comercio | Image credit: El Comercio