The dollar rose 0.27%, but has been below $39 for more than three weeks

The dollar rose 0.27%, but has been below  for more than three weeks

Today’s slight increase leaves an accumulated variation of 0.26% in April and a fall of 3.3% so far this year.

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He dollar went up a 0.27% compared to yesterday, and remained in the 38,749 pesosaccording to the official interbank price of the Central Bank of Uruguay (BCU). So, after more than three weeks below the floor of 39 pesosthe foreign currency continues to fail to position itself above that threshold.

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 38,749 pesos. Today the number of transactions was a total of 26with an amount of operations of just over 13 million dollars.

The dollar accumulates a fall of 3.3% so far in 2023

In the first 13 days of April, the exchange rate showed slight variations both downwards and upwards. However, it remains stable with a positive cumulative variation of the 0.26%although very far from neutralizing the drop in January (-3.25%), paid for by the drop of 0.63% in March.

With the practically sustained collapse of the last few weeks, 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. In fact, they go over three weeks where you can’t do it. It is now just over $0.26 away from it.

Thus, with respect to March 13, the monthly variation registered is from 1.48% in red. Almost a month ago, the dollar hit its highest in the two months up to then – on Thursday, March 16 – but from there, it began a sharp downward path.

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So far in 2023 the foreign currency accumulates a drop of 3.3%. While, compared to the same day but last year -April 13, 2022-, when the exchange rate was 41,247 pesos, the interanual variation is from 6.05% negative. It has been a long time since this variable was positioned at these levels and now it has been there for more than a month.

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 weeks 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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