TY - JOUR
T1 - Analysis of the Exchange Rate in Peru Between January 2020 and December 2021
AU - Grijalva-Salazar, Rosario Violeta
AU - Fernández-Bedoya, Víctor Hugo
AU - Suyo-Vega, Josefina Amanda
AU - Meneses-La-Riva, Monica Elisa
N1 - Publisher Copyright:
© 2023 Grijalva-Salazar et al.
PY - 2023/9/1
Y1 - 2023/9/1
N2 - 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 < 0.0001, thus there is a significant trend in the average monthly exchange rate (sale) in Peru between January 2020 and December 2021.
AB - 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 < 0.0001, thus there is a significant trend in the average monthly exchange rate (sale) in Peru between January 2020 and December 2021.
KW - Central Bank
KW - Peru
KW - dollar
KW - exchange rate
KW - political instability
UR - https://www.scopus.com/pages/publications/85171729772
U2 - 10.36941/ajis-2023-0144
DO - 10.36941/ajis-2023-0144
M3 - Article
AN - SCOPUS:85171729772
SN - 2281-3993
VL - 12
SP - 285
EP - 293
JO - Academic Journal of Interdisciplinary Studies
JF - Academic Journal of Interdisciplinary Studies
IS - 5
ER -
