Peru Sol Gains First Time in Week on Tax Payments; Yields Fall

Peru’s sol rose for the first time in a week as companies sold dollars to pay local taxes.

The sol appreciated 0.1 percent to 2.5890 per U.S. dollar at today’s close, according to prices from Datatec.

Peruvian companies have until tomorrow to meet their obligations for the 2012 tax year. The central bank said on its website it bought $20 million in the foreign-exchange market today, paying an average 2.5899 soles per dollar. The central bank bought $4.4 billion in the first quarter to weaken the sol.

“Volumes traded today were very small so the central bank’s intervention was minimal,” said Antonio Diaz, a trader at Banco Internacional del Peru SAA. (INTERBC1)

The yield on Peru’s benchmark 7.84 percent sol bond due August 2020 declined two basis points, or 0.02 percentage point, to 3.77 percent, according to data compiled by Bloomberg. The price rose 0.10 centimo to 125.83 centimos per sol.

To contact the reporter on this story: John Quigley in Lima at

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.