According to analysts dollar could slowly attain the level of 3.28, Soles
The tendencies should be to the rise due to political instability, but so far it has been the contrary. Yesterday it broke the barrier of 3.35 Soles and all seems to indicate that the BCR is not ready to defend it.
“BCR wishes for those who speculated against it, to loose big” stated Gonzalo de las Casas, GM of investments at Integra, he explains that luckily AFPs were able to sell at a high price at last national survey Friday and on Monday while the results were not so negative.
We are still selling at high prices, since those who bought did not want the exchange rate to fall.
Regarding how much the dollar could fall, analysts question lack of predictability of BCR, so much that de las Casas believes that exchange could recover it’s level of 3.28 Soles per dollar (imagining the loss of those who bought thousands of dollars at 3.45 Soles betting it would go up) Some analysts believe that it could rise to 3.40 Soles