The dollar remains stable just below the floor of $39

The dollar remains stable just below the floor of

He dollar fell slightly a 0.06% compared to the last exchange day, and remained in the 38,926 pesosaccording to the official interbank price of the Central Bank of Uruguay (BCU). So, after four weeks below the floor of 39 pesosthe foreign currency remains very close to that threshold, but without being able to exceed it.

on the blackboard of Republic Bank (BROU), the dollar was offered to 37.65 pesos for purchase and 40.05 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.15 pesos for purchase and 39.55 pesos for sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 38.85 pesos, while the average price of operations was 38,926 pesos. Today the number of transactions was a total of 46with an amount of operations of almost 23 millions of dollars.

The dollar accumulates a fall of 2.86% so far in 2023

As today, in the first half of April the dollar remained relatively stable: of the eight exchange days as of last Friday, five were up and three were down. The price of this Tuesday marked a new decrease, but almost imperceptible.

Therefore, the cumulative variation of April is currently from 0.72%. Although it is positive, it is still far from neutralizing the drop in January (-3.25%), paid for by the drop of 0.63% in March.

With the collapse of the last weeks of March, 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 four weeks where you can’t do it.

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Thus, with respect to March 18, the monthly variation registered is from 1.44% in red. A little over 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.

So far in 2023 the foreign currency accumulates a fall of 2.86%. While, compared to the same day but last year -April 18, 2022-, when the exchange rate was 41,128 pesos, the interanual variation is from 5.35% negative. It has been a great number of months since this variable was positioned at these levels.

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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