dollar pierced the floor of 38 pesos, something that did not happen more than three years ago, after scoring a 0.23% retracement with respect to Friday and quote in 37,931 pesos, according to data from the Central Bank of Uruguay (BCU), that show a downward trend that already accumulates nine consecutive days in fall.
When analyzing the sustained decline in the last wheels, one of the main reasons is linked to the largest investment in the country’s history, through which the business group of Chilean origin HIF Global will disburse some 4,000 million dollars for the construction of a plant in Paysandu.
This announcement was made on June 8 and coincided with the plummeting of the dollar and the appreciation of the Uruguayan peso, a behavior similar to that adopted by the currency in July 2019, when a similar investment was confirmed for the construction of the UPM second plant In uruguay.
To this must be added other factors, such as the strengthening of emerging currencies, as occurs with the real in Brazil, as well as the decision of maintain the interest rates of the United States Federal Reserve (Fed).
The dollar has fallen 5.34% so far this year
After this new decrease, the price of the dollar accumulates a drop of more than 5.34% compared to the end of 2022 at 40,071 pesos, while the decrease so far in June is more than 2.19% compared to the end of May at 38,779 pesos. In fact, the currency is still at its lowest level since the February 17, 2020, when it was listed at 37,906 pesos.
Meanwhile, on the reference board of the Republic Bank (BROU), the dollar was offered to 36,750 pesos for the buys and 39,150 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 37,250 pesos for the buys and 38,650 pesos for the sale.
In turn, the last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 37,090 pesoswhile the maximum price was 37,950 pesosand the minimum of 37,900 pesos. On this day, the number of transactions was a total of 41with a total amount of operations of more than $24.2 million.
Finally, 1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded at an average of 39.60 pesos for online purchase through a bank or card, and from 39.60 pesos to 42.00 pesos in the peer-to-peer market (P2P) from Binance.
The price of the dollar over the last five days
- June 12 — 38,662
- June 13 — 38,427
- June 14 — 38,231
- June 15 — 38,173
- June 16 — 38,020
Source: Ambito
