# Peru's sol currency strengthens to best value since late 2020

> The Peruvian sol strengthened more than 1% against the US dollar on Wednesday, reaching its best level since November 2020. The move was reported at the close of trading.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/35329-peru-s-sol-currency-strengthens-to-best-value-since-late-2020
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A stronger sol makes Peruvian fishmeal more expensive for dollar-based buyers, which can support fishmeal prices. The currency move is a market-level development with limited direct effect on feed grain prices.

## Read by commodity

- USDPEN: bearish ▼
- FISHMEAL: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/perus-sol-currency-strengthens-best-184251024.html

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