# Peru’s Markets Had A Banner Year, Politics Aside - Finimize

> Peru's sol gained 11.8% in 2025, its biggest annual gain since 1991, and the Lima stock index rose 46%. The central bank built reserves to nearly $90 billion and bought about $9.5 billion in 2025 to smooth volatility. Mining, which provides about 60% of foreign-exchange earnings, benefited from firm copper and gold prices and a weaker US dollar.

- Date: 2025-12-31 · published 2025-12-31T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/21813-peru-s-markets-had-a-banner-year-politics-aside-finimize
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Rising mining export earnings and central bank reserve buying strengthen the sol against the dollar, which is bearish for USDPEN. Political risk ahead of the 2026 presidential election could still cause sharp short-term swings in the currency.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- finimize.com: https://finimize.com/content/perus-markets-had-a-banner-year-politics-aside

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