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Peruvian Sol Holds Steady at S/3.368 as Central Bank Swaps Guide Liquidity

Central bank liquidity operations kept the session orderly within a narrow S/3.36–S/3.37 band.

Overview

  • The exchange rate closed at S/3.368 per dollar on December 18, essentially unchanged from the prior day’s S/3.369, according to BCRP-cited reports.
  • In the parallel market, quotes were reported around S/3.355 for purchase and S/3.370 for sale, staying close to bank board levels.
  • Market accounts highlighted expirations and partial rollovers of BCRP FX swap sales as a key liquidity factor, with reported amounts varying between S/500 million and S/700 million.
  • Year to date, the dollar’s price in Peru has fallen about 10.45% versus its late‑2024 level, leaving the sol among the region’s stronger performers in 2025.
  • Regionally, Argentina’s blue dollar fell below ARS 1,500 to close near ARS 1,470/1,490, and Banxico cut its policy rate 25 basis points to 7% as the Mexican peso hovered around 18.00 per dollar.