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Scotiabank's economic studies department said the Peruvian sol is the most stable currency in Latin America so far this year, based on six-month historical volatility calculated from Bloomberg data. Scotiabank projects lateral exchange rate movement going forward, while noting continued uncertainty for 2023 and 2024.
Currency stability reduces hedging costs and price risk for Peruvian fishmeal exporters, which can support steady supply and pricing for feed buyers.
andina.peEmpresa Peruana de Servicios Editoriales S. A. EDITORA PERÚMay 10, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
