The US dollar traded at S/3.40 against the Peruvian sol on Wednesday, according to data from the Central Reserve Bank of Peru (BCRP).
The rate marks a continuation of the greenback’s recent softening trend in the South American market.
This level follows a session on Thursday when the dollar closed at S/3.403, representing a 0.38% decline from the previous settlement of S/3.416.
The sustained weakness in the dollar against the sol has helped stabilize the cost of imported goods, including electronics and fuel, which are sensitive to exchange rate fluctuations.
The stability in the USD/PEN pair comes as global currency markets see mixed signals.
In other markets, the Bank of Russia set the official dollar exchange rate at 76.1258 rubles for July 8, a decline of 1.84 rubles from the prior day’s fixing.