So far this year, the sol has strengthened 3.08% against the dollar, while in the last 12 months, it has appreciated 4.67%.

The Central Reserve Bank (BCR) of Peru intervened in the foreign-exchange market Thursday to buy $416 million at an average price of PEN2.6129 per U.S. dollar.

The central bank intervenes to smooth out volatility in the exchange market.

In other operations, the BCR auctioned a PEN5.19 billion overnight time deposit at an average interest rate of 4.10 percent.

The bank also auctioned one-year PEN100 million and PEN50 million certificates of deposit at average rates of 4,02 percent and 3.96 percent, respectively.

(END) EEP/EEP