He dollar backed up a 0.15% compared to Thursday of last week and closed on Friday in 38,856 pesosaccording to the official price of the Central Bank of Uruguay (BCU). Eight days ago the foreign currency remained within a range between 38.9 and 39 pesos, but with this new fall it was even below. In addition, for almost two months it has not remained for more than two days above the floor of 39 pesos.
on the blackboard of Republic Bank (BROU), the dollar was offered to 37.5 pesos for purchase and 40.1 pesos for sale. On the other hand, the preferential value of the Dollar eBROU He was in 38 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 38.8 pesos, while the average price of operations was 38,856 pesos. Today the number of transactions was a total of 32with an amount of operations of more than 16 million dollars.
The dollar accumulates a fall of 3.02% so far in 2023
After the first two weeks of May closed positive for the dollar, the US currency closed the latter lower, with a 0.14% negative. In any case, it maintains an accumulated increase of May in a modicum 0.19%. In turn, compared to last April 19, the monthly variation registered is also from 0.14% negative.
On March 16, the dollar reached its maximum in the two months up to then, but from there, it began a sharp downward path, from which it could never recover. Meanwhile, in the last two months he has not been able to remain stable above the floor of 39 pesos: he only touched that strip for one day on April 20 and for two days on May 2 and 3.
Although the expectation was that the exchange rate would close April negative, finally, with the rebound on the last Friday of the month, the accumulated index was at 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.
In this way, in so far in 2023the foreign currency accumulates a fall of 3.02%. While, compared to the same day but last year -May 19, 2022-, when the exchange rate was 40,331 pesos, the interanual variation is from 3.65% 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
