The dollar closed lower for the second consecutive day

The dollar closed lower for the second consecutive day

August 24, 2023 – 17:50

The interbank rate fell and is unable to approach the 38-peso range, although it remains slightly positive on a monthly basis.

Photo: Pixabay

He dollar it fell 0.06% compared to Wednesday and closed the week at 37,686 pesos, marking its second consecutive day down and far from the 38-peso range, according to the official price of the Central Bank of Uruguay (BCU).

With this setback, which adds to a series of ups and downs, the US currency diluted the rise accumulated during August, which today stood at 0.69%, despite initially threatening to be much higher. Meanwhile, the depreciation is marked so far this year, reaching 5.95% per year, something that is accentuated year-on-year, with a decrease that reaches 6.72%.

The depreciation of dollar It occurs at a time when analysts and economic agents seem to be beginning to digest the exchange rate delay This was reflected in the latest Survey of Economic Expectations (EEE) of the BCUwhere the market expects an exchange rate of 39.80 pesos for December, 20 cents less than in the previous measurement.

In this way, the downward correction of the projection of the value of the US currency reached 11.55%, since analysts predicted a year ago that the dollar It was going to climb to 45 pesos, a level that has not reached since March 20, 2020.

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The retail dollar returned to the 39-peso range

On the reference board of the Republic Bank (BROU), he dollar it was offered at 36.40 pesos for purchase and 39 pesos for sale. On the other hand, the preferential value of the eBROU dollar it was at 36.90 pesos for the purchase, and 38.50 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 37,750 pesos, and the minimum was 37,650 pesos. On this day, the number of transactions was a total of 28, with a total amount of transactions of almost 15 million dollars.

1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) were quoted at an average of 38.97 pesos for online purchase through a bank or with a card, and from 38.97 pesos to 42.52 pesos in the Binance peer-to-peer (P2P) market.

For its part, the price of dollar prex it was at 37.61 pesos for the purchase, and 37.99 pesos for the sale.

The price of the dollar over the last five days

August 17 — 37,729

August 18 — 37,839

August 21 — 37,815

August 22 — 37.83

August 23 — 37,709

Source: Ambito

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