# The Peruvian sol appreciates 0.2%, in line with other currencies in LATAM - Forex News by FX Leaders

> The Peruvian sol appreciated about 0.2% against the dollar on February 27, 2024, opening at S/3.7996 at the Central Reserve Bank. Peru's Economy Minister Alex Contreras said conditions are in place for a recovery, with GDP growth forecast at at least 3%. He also flagged El Niño as a possible drag on economic performance.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/31971-the-peruvian-sol-appreciates-0-2-in-line-with-other-currencies-in-latam-forex
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A firmer sol lowers the local-currency cost of Peruvian imports, including feed inputs, and reflects a broader LATAM currency rally. The effect on feed prices is small and mainly indirect, with El Niño the bigger weather risk to Peruvian crops and fishmeal supply.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- fxleaders.com: https://www.fxleaders.com/news/2024/02/27/the-peruvian-sol-appreciates-0-2-in-line-with-other-currencies-in-latam/

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