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USDPEN Sees Slight Decline Amidst Stabilizing Economic Outlook

USDPEN Sees Slight Decline Amidst Stabilizing Economic Outlook

The USDPEN exchange rate experienced a decrease of 0.0156 or 0.41% on Thursday, Stember 26, dropping to 3.7516 from 3.7672 in the previous trading session. This marks a notable trend following its historical peak of 4.14 reached in Stember 2021.

Looking forward, analysts forecast that the Peruvian Nuevo Sol is expected to stabilize and trade at 3.76 by the end of this quarter. Furthermore, projections indicate an expected exchange rate of 3.80 within the next 12 months, according to global macro models and analysts' expectations.