He dollar rose 0.16% compared to Monday and closed at 41,514 pesos, according to the price of the Central Bank of Uruguay (BCU), cutting three consecutive days downwards and remaining stable in the middle zone of the 41 peso range.
Despite this advance, in line with what happened internationally, the US currency failed to recover the positive sign in the accumulated monthly and fell 0.30% so far in September, while the appreciation of the dollar It reached 6.39% compared to the end of 2023.
On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.30 pesos for purchase and 42.70 pesos for sale. For its part, the preferential value of eBROU dollar It was at 40.80 pesos for purchase and at 42.20 pesos for sale.
The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) was 41,520 pesos, while the maximum price was 41,550 pesos, and the minimum was 41,050 pesos. A total of 61 transactions were carried out, with a transaction amount of more than 32 million dollars.
The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 44.95 pesos for online purchases with a bank account or card, and from 42.80 pesos to 47.43 pesos in the Binance peer-to-peer (P2P) market.
The dollar and the 2024 elections
With respect to the behavior of the dollar in recent weeks, in the run-up to the elections 2024, the stockbroker Gaston Bengochea carried out a comparative report of the exchange rate during electoral periods.
In the report, which he accessed Scope, It was reflected that in the last three cycles prior to the vote, the greenback tended to have an upward direction and a scenario of volatility, mostly as the first lap approaches and the runoff.
This last fact “can be attributed to the uncertainty generated by the elections, which leads investors to take refuge in the dollar and in other assets considered safe, such as gold,” they said from Bengochea.
On this occasion, the plebiscite of social security that promotes PIT-CNT, whose possible approval increased levels of uncertainty, mainly among foreign investors.
“Due to its characteristics, it could have a significant impact on the country risk and in the sustainability of public finances in the medium and long term. For this reason, in recent weeks, volatility peaks were observed that took the dollar to more than 42 pesos, unlike the trends observed in the region,” analyzed the stockbroker, without ruling out “a correction” if the initiative is rejected. in the generals.
The dollar during the previous days
- October 15 — 41,689
- October 16 — 41,876
- October 17 — 41,630
- October 18 — 41,546
- October 21 — 41,448
Source: Ambito
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