Exchange Rate in Peru
Peru - Exchange Rate
Peruvian sol falls to 14-year low
The Peruvian sol (PEN) continued its steady decline in recent weeks, tumbling past the psychological barrier of 3.50 PEN per USD for the first time in 14 years. On 11 February, the sol traded at 3.52 PEN per USD, which represented a 2.5% depreciation over the same day in January and a substantial 14.0% fall in value compared to the same day last year. The sol has slipped 2.9% against the dollar so far this year.
The depreciation of the sol in recent weeks coincides with ongoing weakness in the Peruvian economy as the export sector decelerates and commodity prices hover at multi-year lows. In addition, poor economic data from China, a major importer of Peruvian exports, has fueled the currency’s decline. In an effort to stem the currency’s weakening, the Central Bank has raised the interest rate four times in six months and continues to sell USD reserves in local markets.
Panelists participating in the LatinFocus Consensus Forecast survey do not expect the sol to recover in 2016, with the exchange rate ending the year at 3.57 PEN per USD. For 2017, the panel sees the sol trading at 3.63 PEN per USD.
Peru - Exchange Rate Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 2.99 | 3.41 | 3.36 | 3.24 | 3.37 |
Peru Exchange Rate Chart
Source: Thomson Reuters.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Economic activity closes 2019 on a sour note
February 17, 2020
In December, economic activity grew a puny 1.1% year-on-year, decelerating markedly from November’s already unremarkable 1.9% outturn and surprising market expectations on the downside.
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Peru: Central Bank keeps rates at over nine-year low at February meeting
February 13, 2020
At its monetary policy meeting on 13 February, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010.
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Peru: Business sentiment starts 2020 on a hopeful note
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points in January.
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Peru: Inflation stable in January
February 7, 2020
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase.
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Peru: Exports rebound in December
February 7, 2020
Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year. Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas.
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