Exchange rate: How much is the dollar today, Tuesday May 9 in Lima?

The price of the dollar started the year at S/3,806. | REUTERS/Dado Ruvic/Illustration/File

This Tuesday, May 9, the price of the dollar registered a new exchange session.

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In the previous operating day, the exchange rate closed the exchange session slightly downward and was quoted at S/3,708, reported the Central Reserve Bank (BCR). It was the second session in a row that the greenback fell.

In addition, on this day of Monday, May 8, the price of the dollar marked its lowest level in almost 11 months. Its previous record had been June 2, 2022, when it was listed at S/3,701.

This is how the exchange rate was quoted on May 8. | BCRP

In the previous week, from Monday May 1 to Friday May 5, the dollar appreciated slightly, although it was always below S/3,720. It started at S/3,706 and ended at S/3,708, reported the BCR.

In the last month, from April 10 to May 5, the exchange rate registered a clear downward trend. This period began at S/3,781 and ended at S/3,711.

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Its maximum level was on April 17, when it stood at S/3,783, while the lowest during this period was on April 28, at S/3,710.

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.

In the last month, from April 10 to May 5, the exchange rate registered a clear downward trend.

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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