The dollar closed higher for the second consecutive day

The dollar closed higher for the second consecutive day

The US currency recovered more than 0.10%, although it is still far from $38, according to the Central Bank of Uruguay.

The dollar closed its second consecutive day up after appreciating more than one 0.10% compared to the last day and sold in 37,493 pesos, according to the official price of the Central Bank of Uruguay (BCU), although it is still far from 38 pesos.

After a black month like June in terms of the exchange rate, the US currency begins to show signs of recovery and accumulates a slight increase of more than 0.22% so far in July. In addition, he completed two rounds appreciating, something that did not happen almost a month ago, when he traded higher on June 5 and 6 (38,992 pesos), scratching the distant today barrier of 39 pesos.

As for the retail dollar, on the reference board of the Republic Bank (BROU), the dollar offered to 36.40 pesos for the buysand 38.80 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 36.90 pesos for purchase, and 38.30 pesos for sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 37,550 pesos, while the maximum price was also 37,550 pesos, and the minimum of 37,450 pesos. On this day, the number of transactions was a total of 3, with a total amount of transactions of more than 1.5 million dollars.

1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded at an average of 38.77 pesos for online purchase through a bank or card, and from 38.77 pesos to 41.73 pesos in the peer-to-peer market (P2P) from Binance.

https://twitter.com/BevsaUruguay/status/1676309501304008707

The dollar accumulates a drop of 6.43% so far in 2023

At current values, the dollar accumulates a setback of 6.43% so far this year with respect to the closing of 2022 in 40,071 pesos. At the same time, at the year-on-year level, the decline is more than 6.68% compared to the day of July 1 of last year, when it was trading at 39,955 pesos.

This occurs after the US currency closed the first half of 2023 well below what was expected in January of this year, when sectors and agriculture insisted on the importance of the appreciation of the peso.

In fact, at that time, the BCU Economic Expectations Survey forecast a dollar for the past month in the order of 40.95 pesos in the median and 40.76 pesos in average, very far from today’s values.

The price of the dollar over the last five days

  • June 27 — 37,513
  • June 28 — 37.62
  • June 29 — 37,521
  • June 30 — 37,408
  • July 3 — 37,455

Source: Ambito

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