Its value increased almost 0.9% compared to the previous day and accumulates a monthly appreciation of 2%.
He dollar marked his second consecutive day up when closing in 38,157 pesos and went up almost 0.9% with respect to the previous session, thus maintaining an appreciation of the 2% monthly, according to the official price of the Central Bank of Uruguay (BCU).
In this way, the US currency accumulates a drop of more than 4.77% so far this year compared to the end of 2022when he quoted 40,071 pesos, while the recoil year-on-year is more than 7.1%when it quoted 41,006 pesos.
On the reference board of the Republic Bank (BROU)the dollar was offered to 37.00 pesos for the buysand 39.40 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 37.50 pesos for the buysand 38.90 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 38,050 pesos. On this day, the number of transactions was a total of 58with a total amount of operations of more than 36 million dollars.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded on an average of 39.57 pesos for online purchase through a bank or card, and from 39.84 pesos to 42.20 pesos in the peer-to-peer market (P2P) from Binance.
How much can the drop in inflation in the United States impact?
In the last hours, in USA annual inflation fell 3% and it was reduced more than expected, so it does not represent anything more than a positive sign for the fed and its oriented monetary policy, but also for emerging economies such as Uruguay, where the BCU recently reduced its Monetary Policy Rate (MPR) by 50 basis points, going from 11.25% to 10.75%.
Thus, although from that country they anticipated two more possible increases in the reference interest rates this year, the latest news could mean that the pause in the contractive policy comes to an end. Meanwhile, in Uruguay, the BCU estimated through its last Economic Expectations Surveythat the dollar will close in 2023 at 39.97 pesos.
The price of the dollar over the last five days
- July 5 — 37,894
- July 6 — 38.33
- July 7 — 38,116
- July 10 — 38,031
- July 11 — 38,124
Source: Ambito
