Overview
- Peru’s interbank dollar closed at S/3.3650 on Dec. 24 after the central bank let S/600 million in FX swaps expire and bought US$140 million at the market average.
- Total FX turnover in Peru reached about US$375 million, while parallel street quotes hovered near S/3.350 for buying and S/3.370 for selling.
- BBVA Research projects a 2025 year-end exchange rate between S/3.35 and S/3.45, contrasting with a BCRP expectations survey near S/3.75.
- In Argentina, the official reference was about $1,475 per dollar per Banco Nación, with the blue dollar quoted near $1,505 in Buenos Aires and $1,521 in Córdoba.
- Major Argentine banks told the central bank they plan to open around $1,475 on Friday, as financial rates showed spreads with MEP near $1,475.80 and CCL around $1,524.40.