He interbank exchange rate It closed this Monday at S/3.374, below Friday’s close (S/3.3810), according to information from the Central Reserve Bank (BCR). The day recorded a greater trading volume and less intervention by the issuer in exchange instruments.
According to Renta4 SAB, US$340 million were traded today in the interbank spot market, three times more than last Friday’s flow (US$102 million). The US currency moved between a minimum of S/3,364 and a maximum of S/3,377, with an average of S/3,371.
“Today there were exchange swap maturities by the BCRP for S/700 million, of which only S/200 million were renewed for three months, generating demand pressure in the market for the remaining maturity. The day started downwards and then recovered due to the partial renewal of these instruments,” explained Jimena Torres, manager of Currency Intermediation at Renta4 SAB.
In the parallel market, the currency reported a sale price of around S/ 3,392 in electronic exchange houses. This level reflects a slight gap compared to the interbank rate, common on days of high demand for foreign currency.
Internationally, the dollar remains under pressure due to the expectation that the Federal Reserve (Fed) will reduce its reference rate by 25 basis points at the end of October. The absence of recent employment and inflation data in the United States, as a result of the government shutdown, has complicated the economic assessment, although signs of lower job growth and persistent inflation support the possibility of an upcoming cut.
In the local context, the lower renewal of exchange swaps and the greater supply of dollars in the market contributed to the decline in the exchange rate, in line with the behavior of other regional currencies.
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