# Peruvian 'Sol' shines again, is region's most stable currency | News | ANDINA - Peru News Agency

> 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.

- Date: 2023-05-10 · published 2023-05-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/36235-peruvian-sol-shines-again-is-region-s-most-stable-currency-news-andina-peru
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Currency stability reduces hedging costs and price risk for Peruvian fishmeal exporters, which can support steady supply and pricing for feed buyers.

## Read by commodity

- USDPEN: neutral

## Sources

- andina.pe: https://andina.pe/ingles/noticia-peruvian-sol-shines-again-is-regions-most-stable-currency-939580.aspx

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