Peruvian sol strengthening

Excellent economic stability

 The Peruvian Sol is holding steady at an exchange rate of around 3.186 soles to the US dollar, the strongest it has been since January 1999. Trading is light, and it seems that confidence in the Peruvian currency is good, dispelling fears that President Garcia would repeat the economic disasters of his first presidency. Analysts expect intervention by the central bank to stabilize the currency against further rises in value, harming exports.