# Peru | The Central Bank Resumes Spot FX Market Intervention | BBVA Research

> Peru's central bank (BCRP) resumed direct spot FX market intervention in November 2025, buying dollars after a five-year pause. The purpose is to smooth excessive volatility in the sol rather than defend a specific exchange rate level.

- Date: 2026-01-19 · published 2026-01-19T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/21344-peru-the-central-bank-resumes-spot-fx-market-intervention-bbva-research
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Tactical FX intervention reduces volatility and transaction costs for Peruvian importers of feed inputs, but the sol's appreciation trend is unchanged, so no clear directional move in feed prices is implied.

## Read by commodity

- USDPEN: neutral

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-the-central-bank-resumes-spot-fx-market-intervention/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.