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Analysis of the Exchange Rate in Peru Between January 2020 and December 2021

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  • Rosario Violeta Grijalva-Salazar
  • Víctor Hugo Fernández-Bedoya
  • Josefina Amanda Suyo-Vega
  • Monica Elisa Meneses-La-Riva

Abstract

Various events can affect a country's exchange rate. In the period between 2020 and 2021, Peru experienced the severe effects of the COVID-19 pandemic, as well as political instability. This article has two objectives: first, to explore what was the average monthly exchange rate (sale) in Peru between January 2020 and December 2021; second, to determine if there is any significant trend in the data shown for that period. The research presented a quantitative approach, descriptive level, non-experimental design and retrospective cross-sectional cut. The technique was documentary review and the instrument was the registration form. The data provided by the Central Reserve Bank of Peru (Monthly average bank exchange rate -sale-) were explored. As a result, it was found that the lowest value was recorded in January 2020 (S/3,329), while the highest value was recorded in September 2021 (S/4,111). In addition, the result of the Mann-Kendall trend statistical test resulted in a p. value of

Suggested Citation

  • Rosario Violeta Grijalva-Salazar & Víctor Hugo Fernández-Bedoya & Josefina Amanda Suyo-Vega & Monica Elisa Meneses-La-Riva, 2023. "Analysis of the Exchange Rate in Peru Between January 2020 and December 2021," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, September.
    • Handle: RePEc:bjz:ajisjr:2478
    DOI: https://doi.org/10.36941/ajis-2023-0144
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