Exchange rate: How much is the dollar trading today, Tuesday, June 6, in Lima?

At the beginning of 2023, the exchange rate was S/3,806. | REUTERS/Lee Jae Won

This Tuesday, June 6, the price of the dollar ended the upward exchange session and was quoted at S/3,688, according to information provided by the Central Reserve Bank (BCR).

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In the previous operating session, on Monday, June 5, the exchange rate closed down and stood at S/3,681, the monetary entity reported.

This is how the exchange rate was quoted on June 6. | BCRP

Meanwhile, in the previous week, from Monday May 22 to Friday May 26, the price of the dollar showed a downward variation, although presenting volatility. It started at S/3,693 and ended at S/3,676, according to Bloomberg.

In the last operating month, from May 2 to May 26, the price of the dollar registered a decrease in its value, although it was also marked by volatile results. This period began at S/ 3,712 and ended at S/ 3,676.

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Its maximum level was on May 4, when it stood at S/3,718, while the lowest during this period was on Friday, May 12: S/3,660.

At the beginning of 2023, the exchange rate was S/3,806. After reaching a maximum of S/3,896 in the exchange session on January 24, the price of the dollar has been falling, although presenting some volatility.

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In this context of the reduction in the price of the dollar, the president of the BCR, Julio Velarde, declared that the Peruvian sol has been positioning itself as one of the most stable currencies.

“The sol is one of the most stable currencies. Since the beginning of the century, it has devalued only 6% due to the recent appreciation that occurred while other currencies depreciated more than 50%”, he indicated in mid-May.

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

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.

There are different channels to change dollars to soles. This transaction can be done both physically and virtually. | REUTERS/Gary Cameron

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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