The dollar rebounded 0.03% and has remained relatively stable for 8 days

The dollar rebounded 0.03% and has remained relatively stable for 8 days

He dollar increased a 0.03% compared to yesterday and closed today in 38,914 pesosaccording to the official price of the Central Bank of Uruguay (BCU). The US currency has remained stable in a range between 38.9 and 39 pesos for eight days, although today’s rise ended a streak of three consecutive slight falls. However, it fails to overcome the “floor” of 39 pesos.

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 38.91 pesos, while the average price of operations was 38,914 pesos. Today the number of transactions was a total of 82with an amount of operations of more than 45 million dollars.

The dollar accumulates a fall of 2.89% 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. After three in a row, today it picked up again.

However, it maintains its cumulative increase in May in a modicum 0.34%. In turn, compared to last April 18, the monthly variation registered is from 0.03% 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.


so, in so far in 2023the foreign currency accumulates a drop of 2.89%. While, compared to the same day but last year -May 18, 2022-, when the exchange rate was 40,481 pesos, the interanual variation is from 3.87% 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.

The dollar will reach 41 pesos by the end of the year, according to analysts

The analysts consulted by the BCU reduced the dollar price projection at the end of the year, lowering it to 41 pesos as of December 2023 (the previous month they projected 41.3 pesos), according to the median of the responses to the Expectations Survey that the monetary authority disclosed these days.

If this projection is confirmed, the dollar would have a annual advance of 4.9%a lower rate than inflation itself and which would imply that the dollar would continue to decline in real terms this year in the Uruguay.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts