The US currency accumulates a monthly appreciation of 1.09%, but so far this year it has registered a fall of 5.57%.
He dollar It rose 0.29% compared to Thursday and traded at 37.839 pesos, closing the week up and leaving behind a streak of three consecutive weeks of decline, according to data from the Central Bank of Uruguay (BCU).
In this way, the US currency recovered ground and consolidated its rise in August, which reached 1.09%, contrary to what happened during the year, since it has accumulated a fall of 5.57% since the end of 2022. something that deepens year-on-year, with a difference of 6.54%, giving rise to sectors concerned about the loss of competitiveness.
Regarding the reference blackboard of the Republic Bank (BROU), he dollar it was offered at 36.65 pesos for purchase, and 39.15 pesos for sale. On the other hand, the preferential value of the eBROU dollar it was at 37.15 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 37,890 pesos, while the maximum price was 38 pesos, and the minimum was 37,800 pesos. On this day, the number of transactions was a total of 33, with a total amount of transactions of more than 16.5 million dollars.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) were quoted at an average of 39.45 pesos for online purchase through a bank or with a card, and from 39.46 pesos to 42.52 pesos in the Binance peer-to-peer (P2P) market.
The market begins to accept the exchange rate delay
The last Economic Expectations Survey of the BCU It reflected that both analysts and economic agents have already begun to digest the delay in the exchange rate. It is that, when consulted by the monetary authority, they anticipated that the dollar it will trade at 39.80 pesos in December, 20 cents less than in the July measurement.
Thus, the downward correction of the projection of the value of the currency in Uruguay It reaches 11.55% if the estimates from a year ago are taken as a reference, when it was believed that it would reach 45 pesos, something that has not happened since March 20, 2020. That range seems far away today, even more so at times in which the Monetary Policy Rate (TPM) accumulates two consecutive decreases, but without reflecting in a depreciation of the Uruguayan Peso.
The price of the dollar over the last five days
- August 11 — 37,883
- August 14 — 38,152
- August 15 — 38,007
- August 16 — 37,845
- August 17 — 37,729
Source: Ambito
