The dollar quote registered a rise of 0.42% ($0.16) this Thursday compared to the previous day and closed at 38,834 pesos, according to the Central Bank of Uruguay (BCU).
With this rise, the US currency marks two consecutive positive exchange days. Nevertheless, accumulates a setback of 3.09% so far this year which means that the interbank price continues to operate below the 39 pesos range and very far from the ideal of 48 pesos for the agro-export sector.
The benchmark blackboard dollar Republic Bank (BROU) was offered at 37.65 pesos for purchase, and 40.50 pesos for sale, while the preferential value of the eBROU dollar it was at 38.15 pesos for the purchase, and 39.55 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed at 38,850 pesos, the same as the maximum price, while the minimum was 38,800 pesos. On this day, the total number of transactions was 45, with a total amount of transactions of $22,593,670.02.
Market agents expect that, for the current year, the dollar will close at 41.00 pesos on average, which would imply an increase of 6.02% for the end of the calendar year. According to him bigmac index carried out by The Economist magazine, the US currency should be quoted at at least 52 pesos.
The exchange rate delay, which closed 2022 with a 10.65% depreciation of the dollar, is one of the issues that most worries the export complex, as well as other key sectors such as commerce and construction, which have spent months demanding the end of the contractive policy of the Central Bank. in his last Monetary Policy Committee (Copom) abandoned the path of lowering the reference interest rate that it had started in April to keep it frozen at 11.25%.
The price of the dollar over the last five days
- May 17 — 38,904 pesos
- May 18 — 38,914 pesos
- May 19 — 38,856 pesos
- May 23 — 38,625 pesos
- May 24 — 38,834 pesos
Source: Ambito
