The dollar fell 0.32% and continues to move away from the $38 range

The dollar fell 0.32% and continues to move away from the $38 range

He dollar it fell 0.32% compared to the last day and closed today at 37,709 pesos, according to the official price of the Central Bank of Uruguay (BCU), thus breaking the rise of the previous week, but accumulating an increase of 9.75% so far in August.

On the other hand, so far in 2023, the dollar it fell 5.89% compared to the end of 2022, while at the year-on-year level the fall is 6.59%.

The president of the BCU, Diego Labatmaintained yesterday that “the competitiveness of Uruguay is correct” and assured that it is a matter that must be looked at “far beyond the exchange rate”.

Asked about the strength of the Uruguayan peso against the US currency, Labat pointed out that “the behavior of the dollar It has clearly been one of the factors that have helped inflation to behave within the range (target)”.

“We have an exchange market where the dollar fleet, and we understand that this is the best regime for an open and small country like Uruguay“, because it “helps temper any positive or negative shock we may receive from outside.”

This month, the BCU lowered its projections in its latest Economic Expectations Survey and reported that market agents expect the dollar closing 2023 at 39.61 pesos on average, which would imply an increase of 5.04% for the end of the calendar year.


The retail ticket is sold for less than 39 pesos

On the reference board of the Republic Bank (BROU), he dollar it was offered at 36.50 pesos for purchase, and 38.90 pesos for sale. On the other hand, the preferential value of the eBROU dollar it was at 37.00 pesos for the purchase, and 38.40 pesos for the sale.

The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed at 37,700 pesos, while the maximum price was 37,800 pesos, and the minimum was 37,650 pesos. On this day, the number of transactions was a total of 62, with a total amount of transactions of almost 34 million dollars.

1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) were quoted at an average of 39.35 pesos for online purchase through a bank or with a card, and from 39.30 pesos to 42.52 pesos in the Binance peer-to-peer (P2P) market.

For its part, the price of dollar prex it was at 37.66 pesos for the purchase, and 38.04 pesos for the sale.

The price of the dollar over the last five days

  • August 16 — 37,845
  • August 17 — 37,729
  • August 18 — 37,839
  • August 21 — 37,815
  • August 22 — 37.83

Source: Ambito

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