He dollar backed up a 0.01% compared to yesterday and closed today in 38,945 pesosaccording to the official price of the Central Bank of Uruguay (BCU). In this way, the US currency remains relatively stable and very close to the floor of 39 pesos, although without being able to overcome it since the “honeymoon” of two days in that range two weeks ago.
on the blackboard of Republic Bank (BROU), the dollar was offered to 37.75 pesos for purchase and 40.15 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.35 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 38.96 pesos, while the average price of operations was 38,945 pesos. Today the number of transactions was a total of 23with an amount of operations of almost 12 million dollars.
Today’s closure occurred amid announcements by the BCU that it will maintain the interest rate in 11.25%, as it had established at the last meeting of the Monetary Policy Committee (Copom). However, no major movements were noted in the exchange market, so it remains to be seen what the behavior will be tomorrow, Wednesday.
The dollar accumulates a fall of 2.81% so far in 2023
After the first two weeks of May closed in positives for the dollar, the US currency again suffered a series of losses, albeit slight.
However, after yesterday’s and today’s falls, it maintains its accumulated increase of 0.42% so far May. In turn, compared to last April 16, the monthly variation registered is from 0.01% negativethat is, practically at the same levels.
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.
More than a month and a half ago, the dollar hit 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 four weeks. the 39 pesos.
For his part, in so far in 2023the foreign currency accumulates a fall of 2.81%. While, compared to the same day but last year -May 16, 2022-, when the exchange rate was 41,442 pesos, the interanual variation is from 6.02% 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
