Peru´s sol closes stronger; no central bank purchases

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Peru’s sol finished stronger Tuesday at PEN2.850 per U.S. dollar compared with PEN2.855 in the previous trading session.

The sol has weakened 1.79 percent against the U.S. dollar so far this year, boosting demand for the foreign commodity.

In the last 12-month period, the Peruvian currency has depreciated 1.46 percent against the greenback.

Meanwhile, the Central Reserve Bank (BCR) of Peru auctioned a two-month PEN190 million deposit certificate (CDR BCRP) at an average rate of 0,11 percent.

The country’s Central Bank largely remained at the sidelines and did not intervene in the foreign-exchange market today.

In its weekly report, the BCR said the last intervened in the spot market on August 15, when it purchased FC for a total of US$ 10 million at an average exchange rate of S/. 2.7940 per US dollar.

Since 2012, the central bank has purchased foreign currency for a total of US$ 19.09 billion and sold foreign currency for a total of US$ 7.35 billion. According to reports, the Peruvian currency is performing slightly better.

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