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The dollar recovers stability, how long has it been since it pierced the floor of $39?

The dollar recovers stability, how long has it been since it pierced the floor of $39?

After a month of February with strong fluctuations in its price, the dollar it seems to have found a path of stability so far in March, positioning itself above 39 pesos.

In yesterday’s exchange session, it fell a 0.22% and closed at 39,248 pesosaccording to the official interbank price of the Central Bank of Uruguay (BCU). While on the blackboard Republic Bank (BROU), offered to 38.05 pesos for purchase and 40.45 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.55 pesos for purchase and 39.95 pesos for sale.

With the rise registered in the first days of this month, the dollar returned to the range of 39 pesos and it remains relatively stable on that floor for 12 days. Nevertheless, is only 24 cents away from drilling it again.

The behavior of the dollar in recent weeks

Last week, the US currency showed a negative balance of 0.42%. The previous week, which took the last days of February and the first days of March, had shown a positive result of 1.7%. So, so far in March accumulated an appreciation of 0.91%

Since the beginning of the year, the value of the dollar has been uneven. In January it fell abruptly by 3.29%, after the annual collapse of 10.35% in 2022. The first half of February showed signs of a possible reversal, but the collapse of 1.9% in two days towards the end of the month left him with a positive balance of barely 0.55%.

With these numbers, so far in 2023 the foreign currency accumulates a negative balance of 2.05%. Meanwhile, regarding February 14, it showed a monthly variation positive of 0.51%

When was the last time you traded above 40 pesos?

The last time the dollar traded in the 40-peso range was last December 27, when the BCU interbank closed at 40,038 pesos after six weeks of moving away from that range. However, since then the price has continued to fall until it even pierced the floor of 38 pesos in mid-January, to then start a rebound from the second half of February.

Source: Ambito

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