The dollar is trading today, Wednesday, September 1, in the market parallel to S / 4,060 the purchase and S / 4,095 the sale. While for today of the Central Reserve Bank the currency closed at S / 4.0870 higher than its opening which stood at S / 4.0735.
In recent weeks, the price of the dollar in Peru has maintained an upward trend where its value has already exceeded 4 suns, with a slight rise in relation to the value it showed at the beginning of this month of S / 4,040 the purchase and S / 4,070 the sale.
Price of the dollar in Peru at closing. Photo: BCR capture
The greenback appreciated a total of 0.47% during August, the most volatile month of 2021.
According to the monetary institution, “the Peruvian sun was one of the currencies that has depreciated the least in August” against the dollar, with 0.3%, compared to the main economies of the Latin America and several developed countries.
Internationally, the US currency rose slightly against its rivals, thanks to a combination of weak data on Asian manufacturing activity and stronger yields on US Treasury bonds.
The dollar index, which measures the dollar against six rivals, has remained stable at around 92.63 since Tuesday, when it fell to 92.395 for the first time since Aug. 6.
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What is the exchange rate?
To change a currency we use the exchange rate which is the price of the currency of one country (currency) in terms of another. It is also known as the exchange rate in other countries.
Why is the exchange rate important?
The exchange rate or exchange rate is important because it helps us know how many units of national currency you have to pay to get a foreign currency. For example in Peru to get a dollar you have to deliver 3 soles and a little more.