Peru has lowest exchange rate volatility in Latin America

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Peru has lowest exchange rate volatility in Latin America
Peru’s Central Reserve Bank has shown good performance in the exchange issue, says experts. (Photo: Internet)

Peru remains as the Latin American country with the lowest exchange rate volatility so far this year, local capital market consultancy Procapitales said Wednesday.

Procapitales president, Marco Antonio Zaldívar considered that such dollar revaluation is a temporary situation due to speculative factors in the market.

"But there should be some margins set for the dollar. Therefore, the Central Reserve Bank (BCR) does not get involved. Those limits should have been well studied by the issuing entity," he stated.

In that sense, Zaldívar indicated that the BCR has shown good performance regarding the exchange issue.

"They have managed to control a situation that worried them. They have not stopped a trend but avoided the volatility in the exchange rate."

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