The dollar fell 0.17% and moves away from the $39 range

The dollar fell 0.17% and moves away from the  range

He dollar backed up a 0.17% compared to yesterday, and remained in the 38,715 pesosaccording to the official interbank price of the Central Bank of Uruguay (BCU). After touching its highest value in the last two months almost 10 days ago, the exchange rate plummeted below the floor of 39 pesos and never returned.

on the blackboard of Republic Bank (BROU), the dollar was offered to 37.6 pesos for purchase and 40 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.1 pesos for purchase and 39.5 pesos for sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 38.8 pesos, while the average price of operations was 38,715 pesos. Today the number of transactions was a total of 58with an amount of operations of just over $30.4 million.

The dollar accumulates a fall of 3.38% so far this year

Of the last eight exchange days, the dollar depreciated in six. All a sign of the collapse that the foreign currency has been experiencing for more than a week. Last week it closed with a negative balance of 1.42% and in the first days of this it continued to fall.

Thus, from the accumulated 1.5% shown in March when the exchange rate reached its maximum value in two months –last Thursday the 16th– the US currency began to accumulate a decrease of 0.46%. The expectations that the evolution of the current month would neutralize the strong drop in January (-3.25%) seem to have been buried a few days before the end of the month.

The values ​​of the peak of March 16 had not been seen since January 16, 2023, when the dollar reached 39.86 pesos. With the practically sustained fall of the last days, the currency He returned to the 38-peso range, in which he had not been since February, and since then he has not managed to exceed the threshold of 39 pesos.

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This way, so far in 2023 the foreign currency accumulates a fall of 3.38%. Regarding February 28, the exchange rate showed a monthly variation negative of the 0.46%. While, compared to the same day but last year -March 28, 2022-, when the exchange rate was 41,365 pesos, the interanual variation was from 6.4% negative.

Thus, this variable is positioned again below 7 percentage points. The year-on-year indicator fell sharply in recent weeks, mainly because, by then –beginning of 2022–, the dollar had already begun to fall after reaching the historical peaks it had registered in the first days of last year. Meanwhile, now, the year-on-year variation remains balanced and collapses every time the current exchange rate rises.

Source: Ambito

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