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The dollar fell another 0.31% and remains stable so far in May

The dollar fell another 0.31% and remains stable so far in May

He dollar a fell again 0.31% compared to yesterday and closed today in 38.83 pesosaccording to the official price of the Central Bank of Uruguay (BCU). In this way, the US currency adds three consecutive days down and moves away from the floor of 39 pesos, above where it had closed April, which ended with an accumulated variation of 0.35%.

on the blackboard of Republic Bank (BROU), the dollar was offered to 37.55 pesos for purchase and 40.05 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.05 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 38.82 pesos, while the average price of operations was 38.83 pesos. Today the number of transactions was a total of 39with an amount of operations of almost 25 million dollars.

The dollar accumulates a fall of 3.1% so far in 2023

May began with a small increase in the first days, but the setbacks of the last days leave an accumulated increase of 0.12% In turn, compared to last April 5, the monthly variation registered is from 0.34%.

Although the expectation was that the exchange rate would close April in negative, finally, with the recovery of last Friday, the accumulated was in 0.35%, that is to say, a little above the values ​​of when the month began, so that it did not manage to offset the enormous fall in January (-3.25%)paid by the drop of 0.63% in March. Meanwhile, of the first four months of the year, two were in the red and two were positive.

A month and a half ago, the dollar reached its maximum in the two months up to then – on Thursday, March 16 – but from there, it began a sharp downward path that kept it below the floor of 39 for four weeks. pesos. Now, with the rise on Tuesday and Wednesday, he returned to that range after being below more than 10 days. However, today’s fall returned it to the 38-peso range.

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So far in 2023 the foreign currency accumulates a drop of 3.1%. While, compared to the same day but last year -May 5, 2022-, when the exchange rate was 41,261 pesos, the interanual variation is from 5.89% negative. It has been a great number of months since this variable was positioned at these levels, last Friday, April 21, it even fell below 3 percentage points.

The year-on-year indicator fell sharply in recent months, 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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