Professor and researcher at Lima-based Universidad ESAN, Edmundo Lizarzaburu, highlighted the recent decline in the U.S. dollar price and forecast that, considering both local and external factors, it would continue to decrease.
Lizarzaburu stated that this trend, observed since the beginning of 2025, is influenced by several internal and external factors.
The expert mentioned that the U.S. Federal Reserve's (Fed) projection of not reducing its benchmark interest percentage in the short term is a factor to consider in the exchange rate trend.
Similarly,
he highlighted the trade surplus recorded by Peru in 2024, which reached US$23.821 billion, according to the
Central Reserve Bank (BCR).
"This resulted in greater inflow of U.S. dollars entering our economy," Lizarzaburu told Andina News Agency.
A significant inflow of foreign investment has also been observed, both from Brazil and other countries in the region, a trend that could continue in 2025, the professor added.
"Let's remember that gold is at its peak, and copper prices remain strong. Peru is a major global producer of both minerals. Thus, these higher prices benefit us significantly," he remarked.
Dollar forecast
The professor noted that there has been a clear trend toward the strengthening of the Peruvian currency since the beginning of this year.
"The Peruvian currency reflects strong macroeconomic indicators, which is why investors are looking to rebalance their portfolios by paying more attention to our currency," Lizarzaburu said.
"Everything points to the Sol remaining a strong currency in the region, especially due to the conditions that have been present, such as inflation control," he added.
The U.S. dollar closed 2024 at S/3.761 and stood at S/3.748 in January of this year. It is worth noting that the interbank exchange rate is currently around S/3.685.
(END) SDD/MVB
Published: 2/24/2025