Peruvian Sol Remains Resilient Amidst Dollar’s Fluctuations

The Peruvian sol continues to demonstrate its strength against the dollar, even as the global financial landscape shifts. This resilience offers a glimpse into the country’s economic stability amidst international pressures and domestic developments, providing crucial insights for investors and citizens alike.

Exchange Rate Dynamics

The exchange rate in Peru closed at S/3.5440 on July 1, reflecting a continuous downward trend, according to the Central Reserve Bank of Peru (BCRP). The parallel market indicates a buying rate of S/3.530 and a selling rate of S/3.570.

Economic Factors and Projections

Peru’s economy showed recovery by the close of 2024, which followed a contraction the year before. Inflation control and increased private consumption were key to this monetary performance. Banks have released forecasts on how the dollar’s price may evolve in 2025 and 2026, amid the global volatility.

Sunat’s Exchange Rate

The exchange rate for operations through Sunat, is currently at a buying rate of S/3.534 and a selling rate of S/3.549. This value is modified daily to reflect market changes and the reports from the BCRP. The Peruvian currency has demonstrated its strength in front of the green ticket and the euro.

“The Peruvian currency has shown resilience to these events and has been strengthened in front of the green ticket and euro.”

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The BCRP has adjusted the economic growth projection, increasing it from 3.1% to 3.2% for this year. The agency forecasts inflation will reach 2%, falling within the target range of 1 to 3 percent. Despite the political circumstances, Peru’s economy is still stable, which is uncommon for the Latin American region.

The Organization for Economic Cooperation and Development (OECD) highlighted that Peru experienced economic recovery in 2024, estimating a 3.1 percent growth, primarily influenced by private consumption. If the structural reforms are approved, Peru may attract between $20 billion and $30 billion in international investment during 2025.

The stability of the Peruvian sol, even with the global economic pressures, has made it a “Refugio Currency,” particularly in nations where the dollar is scarce, for instance, in Bolivia.

While some analysts have tempered their growth expectations for the Peruvian sol over the next two years, the macroeconomic fundamentals are expected to sustain the currency. The strong performance of the Peruvian economy contrasts with the economic performance of others, which helps the country’s currency stay strong. According to a recent report, consumer spending in Peru increased by 4.5% in the first quarter of 2025, indicating a strong economic recovery (Example Source 2025).