The dollar recovered ground, but remains below $38

The dollar recovered ground, but remains below

The interbank market operated with a daily increase of 0.14% and closed higher in a week with ups and downs.

He dollar advanced a 0.14% compared to Thursday and was quoted in 37,963 pesos, according to the data of the Central Bank of Uruguay (BCU), thus closing a week with ups and downs, in which he returned to operate in the strip of 37 pesos, despite accumulating an appreciation of almost 1.5% so far this month.

This rise, which cut two consecutive days down, was not enough to mitigate the exchange rate delay of the US currency in relation to the peso, which has depreciated by more than 5.2% since the end of 2022. If compared year-on-year, the decrease is even greater and reaches almost 9.2% in the last 12 months, with respect to the 41,801 pesos.

In this way, the interbank rate remained in the 37-peso range, in which it had not operated since the July 5th, when it was listed on 37,894 pesos, within the framework of a black June for the exchange rate.

The situation also occurs in a context in which the market expected a uptrend, due to improvement in inflation, which was located in the target range government for the first time in 25 months and led to a 50 basis point cut in the interest rate of the BCU.

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The retail dollar is sold around 39 pesos

Regarding the reference blackboard of the Republic Bank (BROU), the dollar was offered to 36.70 pesos for the buysand 39.20 pesos for sale. On the other hand, the preferential value of the eBROU dollar He was in 37.20 pesos for the buysand 38.70 pesos for the sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 37.95 pesos, while the maximum price was 38 pesos and the minimum was 37.93 pesos. On this day, the number of transactions was a total of 22with a total amount of operations of more than 11 million dollars.

1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded at an average of 39.36 pesos for online purchase through a bank or card, and from 39.36 pesos to 41.91 pesos in the peer-to-peer market (P2P) from Binance.

The price of the dollar over the last five days

  • July 13 — 38,194
  • July 14 — 38,026
  • July 17 — 38,055
  • July 19 — 38,002
  • July 20 — 37,909

Source: Ambito

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