The strength of the Uruguayan peso continues to weaken the price of a North American currency that does not seem to respond to interventions.
He dollar fell 0.61% compared to the last day, and closed today in 38,741 pesosaccording to the official price of the Central Bank of Uruguay (BCU). The strength of the Uruguayan peso continues to weaken the price of a North American currency that does not seem to respond to the interventions of a national government.
Faced with the complaint of the productive sectors for the exchange rate delay, the president Luis Lacalle Pou acknowledged in early March that the government still “Has failed a competitive exchange rate“despite interventions by Ministry of Economy and Finance (MEF), and the purchase of dollars by state companies, assuring that nothing could be done in the face of the “immense” inflow of foreign currency as a result of “exports” and “tourism.”
On the reference board of the Republic Bank (BROU), the dollar was offered to 37.60 pesos for the buysand 40.00 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 38.10 pesos for the buysand 39.50 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 38,800 pesoswhile the price maximum it was also from 38,800 pesosand the minimum of 38,700 pesos. On this day, the number of transactions was a total of 24with a total amount of operations of $12,423,740.97without registering movements of the NDF dollar.
According to the projections of the latest Survey of Economic Expectations, the BCU reported that market agents expect that for the current year the dollar will close at 41.69 pesos on average, which would imply an increase by the end of the calendar year from 7.61%.
The price of the dollar over the last five days
- March 16 — 39,679
- March 17 — 39,496
- March 20 — 39,240
- March 21 — 38,945
- March 22 — 38,979
Source: Ambito
