He dollar it fell slightly by 0.06% compared to the last day and closed today at 37,815 pesos, according to the official price of the Central Bank of Uruguay (BCU), so the US currency continues to trade with ups and downs in August, accumulating an increase of 1.03% so far this month.
On the other hand, so far in 2023, the dollar it fell 5.63% compared to the end of 2022, while at the year-on-year level the fall is 6.6%, taking the price of Friday, August 19, 2022.
Last week, the BCU defined a cut of 75 basis points in the interest rates of reference with respect to last month, thus taking it from 10.75% to 10%, continuing with a contractive phase in terms of monetary policy.
To define the rebate, the Monetary Policy Committee (Copom) considered the decline in inflation key, which fell to 4.79% in the rolling year ending in July and was positioned within the target range, with its lowest level in the last 17 years.
This month, the BCU lowered its projections in its latest Survey of Economic Expectations and reported that market agents expect the dollar closing 2023 at 39.61 pesos on average, which would imply an increase of 4.75% for the end of the calendar year.
The retail ticket is sold 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 37,940 pesos, while the maximum price was 37,950 pesos, and the minimum was 37,650 pesos. On this day, the number of transactions totaled 25, with a total amount of transactions of nearly 12.2 million USD.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) were quoted at an average of 39 pesos for online purchase through a bank or with a card, and from 39 pesos to 42.52 pesos in the Binance peer-to-peer (P2P) market.
For its part, the price of dollar prex it 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 14 — 38,152
- August 15 — 38,007
- August 16 — 37,845
- August 17 — 37,729
- August 18 — 37,839
Source: Ambito
