The US dollar weakened further against the Peruvian sol on Thursday, closing at S/3.403.
The rate represents a 0.38% decline from the previous session’s settlement of S/3.416, marking a continued softening of the greenback in the Latin American market.
The Central Reserve Bank of Peru (BCRP) reported the daily reference rate at S/3.
This move follows a similar trend on Wednesday, when the dollar opened at S/3.415 before settling lower.
The Central Reserve Bank of Peru (BCRP) reported the daily reference rate at S/3.41 on Thursday, confirming the downward pressure on the currency pair.
The persistent depreciation of the dollar against the sol provides a buffer for Peruvian importers and helps contain inflationary pressures linked to foreign goods.
For traders, the steady decline suggests a period of relative stability for the local currency, absent any sudden shifts in global risk sentiment or commodity prices.