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The euro paid at closing 4.16 soles on averagewhich implied an increase of 3.29% compared to the 4.03 soles on average the previous day.
If we consider the data of the last week, the euro scores a raise 3.96%; on the other hand, in year-on-year terms, it still maintains a decrease in 9.46%. Comparing this data with that of previous dates, it reversed the result of the previous day when it experienced a decrease of 0.76%, proving unable to consolidate a trend in recent days. In the last week, volatility was 22.52%, which is higher than the annual volatility figure (19.54%), which shows that it is going through a phase of instability.
In the annual photo, the euro it has been paid at a maximum of 4.52 soles on average, while its lowest level has been 3.97 soles on average. The euro is closer to its minimum value than to its maximum.
An unstable Peruvian sun
the sun is the coin legal tender in Peru since 1991 and replaced the inti, which circulated between 1985 and 1991, at first it was also called “new sun” to differentiate it from its predecessor, but for the year 2015 it is only called sun.
The emergence of the new sun is understood after the global crisis of 1929, which led to a deep economic and exchange crisis to the country, as well as the creation of the Central Reserve Bank of Peru. It was during the first year of Alberto Fujimori’s government that the new sun was promoted to balance hyperinflation and reorder the economy.
After entering into force, a sol was equivalent to a million intis or a billion “old” soles; today the currency is divided into 100 cents and its issuance is regulated by the Central Reserve Bank of Peru.
Currently circulating coins of 10, 20, 50 cents, 1, 2 and 5 soles and bills of 10, 20, 50, 100 and 200 soles. Before, 1-cent coins were also minted, but these were withdrawn from circulation in May 2011, while in January 2019 the 5-cent coins went out of circulation.
On the other hand, the exchange parity with respect to the dollar and the euro is set daily by the agency in charge. It should be noted that since 2014 the peruvian currency is depreciating.
In the economic branch, the World Bank (WB) has predicted that by 2022 Peru will have a growth of only 3.2% after in 2021 it had a rebound of 13%. Likewise, by 2023 it would slow down, growing only 3 percent.
However, experts have assured that Peru could experience a deterioration in business confidence due to the uncertainty that is lived in the policy and the fiscal rules that are intended to be carried out.
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Agencies
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