The dollar rose 0.24% and so far in March it has already risen more than in February

The dollar rose 0.24% and so far in March it has already risen more than in February

The accumulated figure for the year shows a negative balance of -1.89%, while at the year-on-year level the decrease is -8.11%.

Photo: Pexels

He dollar increased a 0.24% compared to yesterdayand stayed in the 39,314 pesosaccording to the official interbank price of the Central Bank of Uruguay (BCU).

In it Republic Bank (BROU), the dollar was offered to 38.1 pesos for purchase and 40.5 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.6 pesos for purchase and 40 pesos for sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 39.28 pesos, while the average price of operations was 39,314 pesos. On this Tuesday, the number of transactions was a total of 72with a number of operations that totaled more than 40 million dollars.

The dollar registers a decline of -1.89% so far in 2023

Except for yesterday’s setback, in the first days of March the dollar showed an upward trend that placed it above the floor of 39 pesos. Last week –whose first days were the last days of February– the US currency added a positive balance of 1.7%. Now, so far this month -which added five exchange days up to now-, accumulated a 1.07% appreciation.

The exchange rate comes from a rise in the first half of February that generated the expectation of an eventual neutralization of the drop of -3.29% in January, but the abrupt drop in the last weeks of that month left it in the range of 38 pesos and with a positive closing of only 0.55% last month.

In the fourth week of February, in just two exchange days, the dollar sank -1.9%, a setback that squandered all the accumulated increase that had been showing for the month.

Now, with the rise registered in the first days of March, the US currency has returned to the 39-peso range and remains stable on that floor.

With these numbers, so far in 2023 the foreign currency accumulates a negative balance of -1.89%. Meanwhile, regarding February 7, it showed a monthly variation positive of 0.61%

Compared to the same day but last year –March 7, 2022–, when the exchange rate was 42,786 pesos, the interanual variation was from -8.11%.

This last variable fell sharply in recent weeks, mainly because, by then, the dollar had already begun to fall after reaching the historical peaks it had recorded in the early days of last year.

Source: Ambito

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