Dollar price in Peru January 10: How much did the exchange rate open today?

This is the dollar price In Peru today, Wednesday, January 10. he exchange rate Open stable for S/3.7104According to what was reported by the Bloomberg Economic Portal. Likewise, in the parallel market, the exchange rate is S/3.70 to buy and S/3.72 to sell.

In addition, Peru information Ana Lucia Rondon, Investment Assistant at Prima AFP, previously consulted, who indicated that the forecast exchange rate It is expected to rise at the beginning of 2024. This is agreed by Jorge Luis Ojeda, professor of finance at the UPC, who, although explaining this decline in the exchange rate with the outlook for the North American economy, noted that the dollar will begin an upward trend, albeit slowly.

Despite the political crisis that Peru is currently experiencing, and despite all the difficulties,… Economy This country is proud to be It is the most stable Latin American region, because while other currencies experienced fluctuations, the Peruvian sun It has been reinforced.

The coronavirus pandemic has generated a series of negative economic impacts around the world – such as inflation – which, combined with the Russian invasion of Ukraine and domestic monetary policy decisions, have weakened the global economy. dollar.

However, the Peruvian currency showed resilience in the face of these events and gained strength against the USD and USD euro. If the positive factors that have supported the Sun in recent months continue, it is possible that the currency will continue on the same path in the coming months and even years.

The resistance of the Peruvian sol in the face of other adversities that managed to strike other currencies made it become a currency. “shelter currency”Especially in countries that suffer from a scarcity of dollars, as is the case in Bolivia.

Although economic analysts have lowered their growth forecasts for the Peruvian sol over the next two years, macroeconomic balances are expected to continue to support the sun.

SOL has been legal tender in Peru since 1991 and inti has been replacedwhich traded between 1985 and 1991, was initially also called as “New Sun” To distinguish it from its predecessor, but in 2015 it was called just the sun.

The origin of the new sun was understood after the global crisis of 1929, which led to a deep economic and banking crisis in the country, as well as the creation of the Central Reserve Bank of Peru. During the first year of Alberto Fujimori's government, New Sun was promoted for balance Hyperinflation and economic reorganization.

After its entry into force, one Martian day became equivalent to one million Ents or one billion “old” Sol; Today the coin is divided into 100 cents and its issuance is regulated by the Central Reserve Bank of Peru.

Currently in circulation Coins of 10, 20, 50 cents, 1, 2 and 5 sol and banknotes of 10, 20, 50, 100 and 200 sol. Previously, 1-cent coins were also minted, but they were withdrawn from circulation in May 2011, while 5-cent coins exited circulation in January 2019.