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How Far Does a Dollar Go in Peru These Days?
In the last 180 days, the dollar has been gaining in Peru, as this chart shows. Back in September ’08, the dollar was trading at 2.97 Peruvian soles; by March 3, 2009, that rate had spiked to 3.26 soles, leveling at 3.14 by March 17: chart courtesy Exchange-Rates.org Actually, the strengthening of the dollar began before September. In the last 12 months, the sole has depreciated 12.64% against the U.S. dollar, reports the Wall Street Journal. That trend is encouraging for Peruvians and expats who keep their money in dollars. I know I whined in October that the dollar was tanking, but my complaints were short-sighted. If I haven’t been paying enough attention to…