He dollar backed up a 0.11% compared to yesterday and closed today in 38,904 pesosaccording to the official price of the Central Bank of Uruguay (BCU). In this way, the US currency accumulates a series of slight falls that move it further away from the floor of 39 pesos, a range in which it has not been located since the “honeymoon” of two days in that range two weeks ago. .
on the blackboard of Republic Bank (BROU), the dollar was offered to 37.7 pesos for purchase and 40.1 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38.2 pesos for purchase and 39.6 pesos for sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa), was agreed in 38.9 pesos, while the average price of operations was 38,904 pesos. Today the number of transactions was a total of 66with an amount of operations of almost 36 million dollars.
Yesterday’s exchange session closed without major variations amid announcements from the BCU that it will maintain the interest rate in 11.25% in order to curb the growth of inflation expectations. Meanwhile, today’s slight drop did not represent a big jump in the exchange rate either.
The dollar accumulates a fall of 2.91% 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 the falls of the last three days, it maintains its accumulated increase of 0.31% so far May. In turn, compared to last April 17, the monthly variation registered is from 0.11% negativethat is, just below that level.
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 highest 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 low of four weeks. the 39 pesos.
For his part, in so far in 2023the foreign currency accumulates a drop of 2.91%. While, compared to the same day but last year -May 17, 2022-, when the exchange rate was 40.6 pesos, the interanual variation is from 4.17% negative. It has been a long time 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
