Overview
- Peru’s interbank rate closed at S/3.369 on November 10, with the sol up 10.4% this year to multi‑year highs.
- The central bank bought US$27 million in the spot market, its first such operation since April 2020, and partially renewed expiring FX‑swap sales.
- Traders reported a session range of S/3.366 to S/3.377 with US$187.2 million negotiated, as authorities signaled caution over rapid appreciation.
- Parallel digital exchange houses quoted around S/3.361 for buying and S/3.383 for selling, while retail bank rates showed wide dispersion across institutions.
- Scotiabank projects about S/3.45 by end‑2025 and 2026, whereas Latin Focus places 2026 near S/3.60 with a broad range reflecting external and political risks.