Peru’s currency the "Sol" has continued to rise against the US dollar, further undermining the competitiveness of the Latin American nation in the global marketplace. Last week, the sol appreciated ...

Peru also has a relatively low annual inflation rate of around 2%, the lowest in Latin America. The benchmark interest rate is 4.75%, again one of the lowest in the region.

Peru also holds the steepest yield curve across global and emerging markets, Dhawan highlighted — a stark contrast to the inverted yield curves in the U.S. and many other countries.

Peru's currency, however, has not deviated much in value since 2000 and it is up some 3% so far in 2023 from its closing price at the end of December.

" Central Reserve Bank Governor Julio Velarde clarified that the monetary institution only sets the reference rate for credit operations in domestic currency (soles).

The last time the Peruvian currency was above 3 soles per dollar was in June 2009—67 months ago. In January 2013, it reached 2.47 soles to the dollar, its highest rate relative to the US currency.

LIMA, PERU - Like most Peruvians, Enrique Malca has a double life when it comes to money: one in dollars and another in soles, the result of economic crises that have generated a deep distrust of ...

Peru’s recent approval of fairly rudimentary monitoring of currency exchange services is one sign of how far the country has to go in its anti-money laundering efforts. As part of the government’s ...

I have a friend going to Peru for 2 weeks, anybody have a suggestion for best practice in converting currency. I do know that it varies on where you are going and who you may know there. Thanks.