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The dollar rose 0.7% again and returned to the $39 range

The dollar rose 0.7% again and returned to the $39 range

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 38.98 pesos, while the average price of operations was 38,037 pesos. On this Monday, the number of transactions was a total of 82with an amount of operations that added $43.3 million.

So far in February, the dollar rose 0.92%

After three consecutive weeks in which the dollar appreciated against the peso, last week it had a sharp fall, in which in just two exchange days it sank -1.9%, which squandered all the accumulated increase that had come showing february. Thus, the exchange rate remained below the floor of 39 pesos, but with today’s increase of 0.7%, it once again exceeded that floor. While, so far in februarythe currency accumulates an increase of 0.92%

Before the seesaw of recent days, the US currency had been showing an upward trend that generated expectation with the possibility of neutralizing the sharp fall of -3.29% in January 2023 and leaving a positive balance for the year accumulated. but with this important setback that seems to have been far away. To do this, tomorrow it should rise $1.03 in a single day, something unlikely.

Meanwhile, compared to January 27, the North American currency showed a positive monthly variation of 1.07%. According to today’s quote, so far this yearthe foreign currency accumulated a setback of -2.58%.

Compared to the same day but last year -February 27, 2022-, when the exchange rate was 42,533 pesos, the year-on-year variation was -8.22%

This last variable has been showing a downward trend in recent days, mainly because, by then, the dollar had already begun to fall after reaching historical peaks that it had registered in the first days of last year.

Source: Ambito

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