The US currency ended the streak of three consecutive days on the rise, although without tarnishing the rise that was evidenced in July.
The dollar fell a 0.44% with respect to the previous day and cut three consecutive upward days, closing the week at 38,026 pesos, according to the official price of the Central Bank of Uruguay (BCU), remaining close to operating in the strip of 37 pesos.
With its current value, the US currency accumulates an increase of more than 1.65% so far this month and has a depreciation so far this year of more than 5.10% compared to the end of 2022. If analyzed year-on-year, the drop is more sensitive and reaches more than 9.71%, when it was at 41,951 pesos.
Regarding the retail dollar, on the reference board of the Republic Bank (BROU)the dollar was offered to 36.80 pesos for the buysand 39.30 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 37.30 pesos for the buysand 38.80 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 38,050 pesos, while the maximum price was 38,050 pesos, and the minimum of 38 pesos. On this day, the number of transactions was a total of 47with a total amount of operations of more than $25.3 million.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded on an average of 39.65 pesos for online purchase through a bank or card, and from 39.77 pesos to 41.92 pesos in the peer-to-peer market (P2P) from Binance.
The dollar weakens globally
The situation in the country is not different from that experienced by the dollar in almost everyone, with a depreciation in the emerging economies, with the US currency weakening to a minimum level during the last 15 months.
This situation, added to internal factors of the Uruguayan economy, such as investments, the growth of exports and the improvement in the credit rating, mean that the drop of 50 basis points in the interest rate not be enough to correct the exchange rate delay, that some specialists calculate in the order of 25%
The price of the dollar over the last five days
- July 7 — 38,116
- July 10 — 38,031
- July 11 — 38,124
- July 12 — 38,157
- July 13 — 38,026
Source: Ambito
