Sunday, September 8, 2024

Dollar rate today July 26: What is the quoted exchange rate and what is its trend in Peru?

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This is the exchange rate in Peru: what is the direction of the dollar? – Credit: AFP

How much is it? dollar price Today is Friday, July 26? The exchange rate has opened Q/3.7448 On Bloomberg. The currency is thus witnessing a slight decline after closing yesterday. S/3.7500According to the Central Reserve Bank (BCRP). Thus, after some high increases, dollar It seems to be getting organized again. Also, according to the “How much is the dollar” page, the price of the currency in the parallel market is D/3,730 for purchase and D/3,760 for sale.

According to the experts he consulted, Peru informationWe note that the exchange rate may experience different fluctuations this year. At the same time, Jorge Luis Ojeda, professor of finance at UPC, said, He expressed his confidence that the dollar will head towards an increase in 2024. Ana Lucia Rondon, investment assistant at Prima AFP, believes its value will return to S/3.70 in the second half. For his part, the head of PCR, Julio VelardeThe sun is believed to remain the strongest currency in the region this year.

Here’s How the Dollar Opened – Bloomberg Credit Capture

he dollar 2023 closed with a downward trend. This year 2024, it fluctuates with varying increases and decreases. price. Now its trend is down. And what is its value in recent months? Check the chart created by Peru information.

After 2023 it is classified as one of the worst years For the Economy, former Minister of Economy and Finance of Peru, Alex ContrerasHe stressed that the conditions are available for 2024 to be the year recovery year.

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The government expects GDP growth to reach at least 3%. “Despite the unusual year of 2023, the domestic economy has a great capacity for growth. In general, what we envision is a recovery, without the temporary factors that have played against it recently,” Contreras told the press.

the Climate eventsThe El Niño phenomenon, especially the El Niño phenomenon, could have a negative impact on the development of the Peruvian economy, but the minister expressed confidence in the stability and investment projects that he hopes will be strengthened this year.

Despite the political crisis that Peru is currently experiencing, and despite all the difficulties, Economy From this country you are proud to be Most stable Latin America region, because while other currencies have seen fluctuations, Peruvian sun It has been enhanced.

The coronavirus pandemic has generated a series of negative economic effects around the world – such as inflation – which, combined with Russia’s invasion of Ukraine and domestic monetary policy decisions, have weakened the global economy. dollar.

However, the Peruvian currency has shown resilience in the face of these events and has gained strength against the US dollar and the US dollar. euroIf the positive factors that have supported the Sun in recent months continue, it is possible that the currency will continue in the same vein in the coming months and even years.

The Peruvian sol is one of the most stable currencies today. (Reuters)

The Peruvian sol’s resistance to other hardships that have affected other currencies has made it a currency “shelter currency”Especially in countries where dollars are scarce, such as Bolivia.

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Although economic analysts have lowered their forecasts for the Peruvian sol’s growth over the next two years, macroeconomic balances are still expected to continue to support the sun.

Sol has been legal tender in Peru since 1991 and inti has been replacedwhich traded between 1985 and 1991, was initially also called the “New Sun” To distinguish it from its predecessor, but in 2015 it was named simply the Sun.

The origin of the New Sun was understood after the global crisis of 1929, which led to a deep economic and banking crisis in the country, as well as the creation of the Central Reserve Bank of Peru. During the first year of Alberto Fujimori’s government, the New Sun was promoted to balance Hyperinflation and economic reorganization.

After its entry into force, one sol was equivalent to one million inti or one billion “old” soles. Today the currency is divided into 100 cents and its issuance is regulated by the Central Reserve Bank of Peru.

Currently in circulation Coins of 10, 20, 50 cents, 1, 2, 5 soles and banknotes of 10, 20, 50, 100, 200 solesPreviously, 1-cent coins were also minted, but were withdrawn from circulation in May 2011, while 5-cent coins were withdrawn from circulation in January 2019.

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