The exchange market resumes its operations after the break for working holidays with a dollar which on the last day of last week closed at 38,698 pesos, according to the official price of the interbank Central Bank of Uruguay (BCU).
In this way, the US currency accumulates a drop of 0.50% (0.20 pesos) in the month, although in the last three exchange days -coinciding with the April operations- it marked a rise of 0.13%. So far in 2023, the fall is 3.43% (1.37 pesos).
The downward path of the dollar seems consolidated. Since the peak of Thursday, March 16, when it reached its maximum value in two months, the US currency has depreciated in 9 of the last 11 exchange days.
With the practically sustained fall of the last two weeks, it returned to the 38-peso range, in which it had not been since February, and since then it has not managed to exceed the 39-peso threshold. Now, in fact, he is just over $0.31 away from it.
He exchange rate delay It is increasingly worrying various economic sectors of the country, with agriculture being the one that has most openly criticized the monetary policy of the Central Bank of Uruguay in this regard.
The countryside, which is going through a drop in production as a consequence of the historic droughtcalls for an exchange rate close to 48 pesos in order to regain competitiveness and face costs in dollars that remain stable.
The businesses on the coast, meanwhile, see their activity affected by the exchange difference with Argentinasomething that led tens of thousands of Uruguayans to cross the border during the Tourism Week.
The price of the dollar so far in April
- Monday 3: 38,567 pesos
- Tuesday 4: 38,648 pesos,
- Wednesday 5: 38,698 pesos
Source: Ambito
