March 25, 2023

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Peruvian Soul is the second most devalued currency in Latin America by 2021. Dollar | NNTC | Economy

The This is the second most devalued currency in Latin America this year, according to The Economist’s Big Make Index.

This study evaluates the depreciation figures of different world currencies in relation to the purchasing power of each country. In this sense, considering how much money it takes to buy a big Mac, a McDonald’s hamburger, is US $ 5.65 in the US.

According to The Economist analysis, the cost is due to the difference between the price of a large Mac S / 12.90 in Peru and the actual exchange rate of US $ 3.95. Thus, it is clear that Peru Sol is underestimated by 42.2%.

See: Pedro Castillo proposed to pay S / 500 million to the tourism sector: is this the solution to reactivating it?

This report is taken into account Transfer rate Recorded until the end of June, so the devaluation of the Peruvian currency may be higher, taking into account that the value of the dollar has been higher than the S / 4 since the end of July.

Moreover, the most devalued currency in the region is the Mexican peso, which is down 43.7% as of June.

Meanwhile, Uruguay (-9.5%) and Brazil (-22.8%) recorded lower ratings.

However, the most appreciated currency against the US dollar is the Venezuelan bolivar, which is 47.7% higher than Switzerland (24.7%), Norway (11.5%) and Sweden (9, 6%).

Experts point out that this is due to the “real dollarization” taking place in Venezuela. Currently, most transactions in that country are no longer done under the sovereign Bolivar, but under the dollar.

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