Overview
- Sunat published a reference exchange rate of S/3.354 for purchases and S/3.362 for sales for the day reported in coverage.
- Bloomberg’s preliminary market quote opened at S/3.3587, reflecting intraday price discovery that can differ from Sunat’s reference.
- Major banks showed substantially higher retail sell rates, with reported quotes such as BBVA at S/3.608 and other banks ranging in the mid S/3.50s.
- The parallel market displayed a tighter spread with reported buy/sell levels of S/3.350 and S/3.370 respectively, illustrating differences between formal and informal channels.
- The exchange rate moves with changes in dollar supply and demand, international market conditions, and policy choices, and the central bank can intervene to limit volatility though no intervention was reported in this coverage.