# Peruvian Sol To Trade Sideways Through End-2024, Into 2025

> BMI, a Fitch Solutions company, forecasts the Peruvian sol will trade mostly sideways, ending 2024 at PEN3.65/USD from a spot rate of PEN3.73/USD. It expects the trend to persist into 2025 with an end-2025 forecast of PEN3.60/USD, citing resilient growth and favourable interest rate differentials.

- Date: 2024-08-09 · published 2024-08-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/29082-peruvian-sol-to-trade-sideways-through-end-2024-into-2025
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A firmer sol modestly lowers the local cost of imported feed ingredients for Peruvian buyers, but the forecast implies only slight moves and little direct effect on global feed prices.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- fitchsolutions.com: https://www.fitchsolutions.com/bmi/country-risk/peruvian-sol-trade-sideways-through-end-2024-2025-09-08-2024

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