He dollar fell 1.38% compared to Monday and closed at 41.185 pesos in the interbank price of the Central Bank of Uruguay (BCU), thus ending two consecutive days of decline after the pronounced post-election drop, and returning to the range of 41 pesos.
The North American currency accumulates a monthly depreciation of 1.09% and an annual variation of 5.54%, since its price is 2.16 pesos above that registered after the closing of the last exchange day of last year .
On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.05 pesos for purchase and 42.45 pesos for sale. For its part, the preferential value of eBROU dollar It was at 40.55 pesos for purchase and at 41.95 pesos for sale.
The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) was 41,230 pesos, while the maximum price was also 41,230 pesos, and the minimum was 41,100 pesos. A total of 45 transactions were carried out, with a transaction amount of more than 26.8 million dollars.
The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 44.46 pesos for online purchases with a bank account or card, and from 42.50 pesos to 45.80 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 41.09 pesos for purchase, and at 41.51 pesos for sale.
The lowest risk after the elections and the international situation
About the behavior of dollar, CPA economist Ferrere, Giuliano Cantisani, he explained to Scope that Monday’s decline “was expected to the extent that a large part of the depreciation of the peso observed in September and October was due to changes in the portfolios of global investors,” linked to the risk of approval of the plebiscite about social security that promoted the PIT-CNT.
Despite today’s increase, Cantisani considered that “it is expected that the demand for Uruguayan bondsrecover, which would tend to strengthen the peso”, although he clarified: “The current global situation is somewhat different from that observed in previous months, with a scenario of greater strengthening at a global level due to the uncertainty linked to the elections in the United States. ”.
Another determining factor will be the new meeting of the Copom, next November 14th. “A new decline is anticipated in the TPM, that would reduce pressure on the peso,” the specialist warned and continued: “In short, although there may be some volatility in the coming days, while the markets adjust to the new reality, we hope that there will be no major changes between now and end of the year.”
The interbank throughout the previous days
- October 22 — 41,514
- October 23 — 41,596
- October 24 — 41,602
- October 25 — 41,556
- October 28 — 40,984
Source: Ambito
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