He dollar has historically been the favorite refuge for savers in Uruguay. But hand in hand with her depreciation and a inflation that remained high for months, other options such as Indexed Units (IU) They began to gain ground.
With a Consumer Price Index (CPI) which has an accumulated annual rate of 7.10% -the indicator updated to June will be released this Wednesday- and a dollar that has accumulated a fall of 6.38% in the last 12 months, which of the two options better protected purchasing power? of Uruguayans in the last year?
The saver who has invested 100,000 pesos in Indexed Units in June 2022, obtained in June of this year 582,300 pesosHe showed Sherpa staff in its semi-annual comparative evaluation of the two savings methods.
In the same period, whoever has allocated 100,000 pesos to dollars converted them to $5,848 in June of last year, according to the exchange rate at that time. Today, those dollars represent 226,316 pesos.
This means a 157% difference (almost 356,000 pesos) in favor of the Indexed Units as a way of safeguarding purchasing power.
What happened to the dollar and the Indexed Units so far in 2023?
Personal Sherpa proposes the same exercise: based on the possibility of having 100,000 pesos for savings, in January they were equivalent to 17,851 IU (UI value at 5.6018) already $2,439 (exchange rate at 41 pesos).
That saver would currently get about 103,949 pesos for the equivalent of the Indexed Units, while if you exchanged your dollars for pesos you would receive 94,390.
The difference between the two savings options is 9,558 pesos, which represents 10.1% in favor of the UIs. The difference, meanwhile, was 29.1% and 8.1% in the years 2022 and 2021, respectively, always in favor of the UI.
Source: Ambito
