He dollar it fell 0.22% compared to the last day and closed today at 37,952 pesos, according to the official price of the Central Bank of Uruguay (BCU), so that the US currency continues to trade with ups and downs in the month of August, as it accumulates an increase of 1.40%.
On the other hand, so far in 2023, the dollar it fell 5.29% compared to the end of 2022, while at the year-on-year level the fall is 5.15% taking the price of August 9, 2022, when it closed that day at 40,013 pesos.
Uruguay has the most overvalued currency in the world, according to the latest Big Mac Index prepared by the British magazine The Economist, which evaluated a total of 53 currencies.
According to the measurement, a Big Mac costs 259 pesos in Uruguay, equivalent to about 6.82 dollars. However, the same hamburger has a value of $5.58 in USA. This means that, on the one hand, the hamburger is a 22.22% most expensive in the country.
The study adds that the implicit exchange rate is 46.38 pesos per dollarwhich would be the long-term equilibrium value of the currency in the local market.
This month, the BCU lowered its projections in its latest Survey of Economic Expectations and reported that market agents expect the dollar to close 2023 at 39.86 pesos on average, which would imply an increase of 5.03% for the end of the calendar year.
The retail bill continues above 39 pesos
On the reference board of the Republic Bank (BROU), he dollar it was offered at 36.75 pesos for purchase, and 39.15 pesos for sale. On the other hand, the preferential value of the eBROU dollar it was at 37.25 pesos for the purchase, and 38.65 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed at 37,900 pesos, while the maximum price was 38,050 pesos, and the minimum was 37,900 pesos. On this day, the number of transactions was a total of 30, with a total amount of transactions of nearly 17.8 million dollars.
1 to 1 parity cryptocurrencies with the dollar such as Tether (USDT) were quoted at an average of 39.35 pesos for online purchase through a bank or with a card, and from 39.35 pesos to 42.14 pesos in the peer-to-peer (P2P) market. from Binance.
For its part, the price of dollar Prex was at 37.81 pesos for the purchase, and 38.19 pesos for the sale.
The price of the dollar over the last five days
- August 2 — 37,861
- August 3 — 38,259
- August 4 — 38,055
- August 7 — 38,018
- August 8 — 38,031
Source: Ambito
