Exchange Rate in Peru
Peru - Exchange Rate (average of period)
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 (aop) Data
|Exchange Rate (vs USD, aop)||2.84||3.18||3.37||3.26||3.29|
5 years of economic forecasts for more than 30 economic indicators.
Peru Exchange Rate (aop) Chart
Source: Thomson Reuters.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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February 24, 2020
Economic growth slumped to 1.8% year-on-year (yoy) in the fourth quarter (Q3: +3.2% yoy), weighed on by cooling domestic demand.
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.
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.
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points 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.