Exchange rate: How much is the dollar today Thursday March 9 in Lima?

The price of the dollar has been appreciating in the week of March 6. | REUTERS/Dado Ruvic/Illustration/File

The exchange rate ended the session on Thursday, March 9, registering a decrease and thus stood at S/3,784, reported the Central Reserve Bank. It was the first day in the week that it closed lower.

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Throughout the session, the price of the dollar remained below the level registered yesterday Wednesday. Meanwhile, the transaction volume amounted to US$586 million,

In the previous trading day, on Wednesday, March 8, the price of the dollar closed recording, once again, a slight rise, to settle at S/3,800, according to the monetary entity. Previously, on Tuesday, March 7, it was trading at S/3,798. It was the third consecutive day in the week on the rise.

This is how the exchange rate was quoted on Thursday, March 9. | BCRP

In the previous week, the dollar maintained its downward trend, after beginning last Monday at S/3,808. Only on Thursday’s session did the exchange rate close higher.

Until Thursday, March 2, the price of the dollar in Peru had been falling consecutively since February 24, when it was at S/3,821. At the close of the exchange session on Wednesday, March 1, it stood at S/3,779.

The price of the dollar started the year at S/3,806. | andean

The exchange rate registered on Wednesday was the lowest in more than eight months. The time it had a lower level was on June 27, 2022, when it was listed at S/3,775, according to data from the Bloomberg agency. Since then, it comes in a growing trend, albeit a slight one.

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The price of the dollar started the year at S/3,806. After reaching a maximum of S/3,896 in the exchange session on January 24, the exchange rate has been falling, although presenting some volatility.

There are different channels to change dollars to soles. This transaction can be done both physically and virtually.

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One of the best-known physical places are the exchange houses, where the Jirón Ocoña stands out, located near the Jirón de la Unión, in the Center of Lima.

However, there are also a number of digital platforms that, in a matter of minutes, allow you to change your dollars to soles and vice versa.

Banks are also another physical and, in turn, virtual option, since they make their own platforms available to users to carry out these operations.

In 2022, the exchange market in the country was marked by high uncertainty. Despite this, the exchange rate, that is, the value of the dollar against the sol, showed a fall, which meant an appreciation of the Peruvian currency with respect to the United States.

In a report, the Peruvian Institute of Economy (IPE) reported that, in 2022, the exchange rate started at S/3.98, the highest opening value for a year since 1991, when the Peruvian sol began to be used. However, the price of the dollar closed at S/3.81, 4.2% below its value at the end of 2021.

In addition, during 2022, the Peruvian sol ranked as one of the best performing currencies in the region. The sol appreciated against the dollar by 4.2%, while the opposite situation occurred with other neighboring currencies, such as the Chilean and Colombian pesos, which depreciated by 8% and 20% of their value, respectively.

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