After opening the euro It is negotiated at the beginning of the day Average 3.95 soleswhich represented a change of 0.04% compared to the previous day’s 3.95 soles, it said Dow Jones.
Based on the profitability of the last seven days, this is euro accumulated a decrease of 0.39%, although over the last year, on the contrary, there was still an increase of cumulative 3.38%.
As for the changes of this day compared to the previous days, it adds two consecutive periods of decline. As for the volatility of these seven days, it is 1.66%, which is significantly lower than the annual volatility (7.95%), so we can say that it is currently in a period of greater stability.
The Peruvian economy recovered from the previous year’s decline at the end of 2024. Controlling inflation and improving private consumption were the two drivers of the country’s monetary development. The recovery encourages an improvement in the GDP growth forecast for the 2025 period.
Peru’s central bank has raised its economic growth forecast for this year to 3.2% from 3.1%, expecting greater momentum in sectors related to primary industries. The agency assumes inflation is at 2 percent, in the middle of the bank’s target range of between 1 and 3 percent.
The Organization for Economic Cooperation and Development (OECD) highlighted in its “Economic Outlook Report” that Peru experienced an economic recovery in 2024 with an estimated growth of 3.1 percent and that this recovery was due to private consumption.
This year, growth is expected to be similar to the previous period, but with a more conservative approach, the organization explained. It is estimated that Peru could receive between 20,000 and 30,000 million in international investments in 2025 if structural reforms that boost confidence and encourage private investment are approved in Congress.
Despite the political crisis that Peru is currently experiencing and despite all odds, the Business this country prides itself on being one the most stable the Latin American region, because while other currencies have experienced fluctuations, the Peruvian sun was strengthened.
The coronavirus pandemic generated a number of negative economic impacts worldwide – such as inflation – which, also combined with Russia’s invasion of Ukraine and local monetary policy decisions, have weakened the economy dollar.
However, the Peruvian currency has withstood these events and appreciated against the greenback and the US dollar euro. If the positive factors that have supported the Sun in recent months continue, the currency could continue the same trend in the coming months and even years.
The resistance of the Peruvian sol in the face of other adversities that have managed to hit other currencies has made it one “protective currency”especially in countries where dollars were scarce, as in the case of Bolivia.
Although economic analysts have lowered their growth expectations for the Peruvian Sol over the next two years, macroeconomic balances are still expected to continue to support the Sun.
About The Author
