The exchange rate in Peru closes the week with a slight decrease: S/ 3.797 according to the Central Reserve Bank. Expectations for international and local events.

The exchange rate in Peru closed the last week with a slight downward variation, trading at S/ 3.797 according to the Central Reserve Bank (BCR). This figure represented a reduction of approximately 0.65% compared to the previous week, when the dollar was at S/ 3.822 and already showing a downward trend. Throughout the week, the price of the dollar experienced minimal fluctuations, ranging between S/ 3.76 and S/ 3.82, with inter-day movements reflecting this stability, as explained by Matías Maciel, co-founder of Rextie. On the other hand, inflation expectations in the United States remain under control, however, the minutes of the Federal Reserve (FED) monetary policy meetings revealed some caution on the part of committee members regarding a precipitous reduction in exchange rates. This situation contributed to the dollar price holding steady in the last few days and not continuing its decline. In the Latin American context, currencies closed appreciating, and locally, it was reported that while the Gross Domestic Product (GDP) experienced a decline in the last quarter of 2023, the fiscal deficit remained under control. Fabiola Gutiérrez, Forex trader at Renta4 SAB, highlighted that the upcoming week will be crucial for the economy, as the preliminary result of the fourth quarter GDP in the United States will be known, along with the consumer confidence indicator and the Chicago Purchasing Managers' Index (PMI) for February, data that will influence economic projections and monetary policy. Matías Maciel emphasized the importance of closely monitoring the situation in countries like Ukraine, the Middle East, North Korea, and China, as events in these regions could have a direct impact on the Peruvian exchange rate. Additionally, he highlighted the positive influence that factors such as trade surplus, fiscal deficit control, and BCR intervention policies can have on the stability of the national currency. Given this outlook, it is essential to be attentive to international and local events that may shape the behavior of the exchange rate in the coming weeks, in an economic context marked by uncertainty and the need to adapt to the various scenarios that arise.