The dollar rose 0.24% compared to the last day and closed today in 38,124 pesosaccording to the official price of the Central Bank of Uruguay (BCU)so that this increase in the price of the North American currency ended with two consecutive days of decline and accumulates an appreciation of 1.91% so far in July.
Despite this increase throughout the month, the US currency accumulates a setback of 4.86% so far this year compared to the end of 2022. In addition, year-on-year the fall is more than 5.97%.
Last Monday, the Rural Federation conveyed its concern about the exchange rate to the president of the BCU, Diego Labatensuring that producers will have to produce 25% more to cover the costs of 2022as a consequence of the price of the dollar.
On the other hand, from the rural union they indicated that a low exchange rate is a double impact for the sector, if the historical drought that devastates the countryside is taken into account.
The BCU lowered its projections in its latest Survey of Economic Expectations and reported that market agents expect that, for the current year, the dollar will close at 39.97 pesos on average, which would imply an increase by the end of the calendar year from 4.84%.
The retail dollar is already sold closer to 40 pesos
On the reference board of the Republic Bank (BROU)the dollar was offered to 37.05 pesos for the buysand 39.45 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 37.55 pesos for the buysand 38.95 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 38,220 pesos, while the maximum price was also 38,220 pesos, and the minimum of 38,030 pesos. On this day, the number of transactions was a total of 35with a total amount of operations of more than 18 million dollars.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded on an average of 39.49 pesos for online purchase through a bank or card, and from 39.49 pesos to 42.20 pesos in the peer-to-peer market (P2P) from Binance.
The price of the dollar over the last five days
- July 4 — 37,493
- July 5 — 37,894
- July 6 — 38.33
- July 7 — 38,116
- July 10 — 38,031
Source: Ambito
