The interbank had a daily drop of 0.24% and seems to have settled in the range of $37.
The dollar marked a new setback and closed a slightly positive month.
Photo: Freepik
He dollar it fell 0.24% compared to Wednesday and traded at 37,592 pesos in its second consecutive day down, according to data from the Central Bank of Uruguay (BCU), so that it closed the month with a slight appreciation of almost 0.44%.
In this way, although August ended with a slight rise, the US currency was far from what it seemed to anticipate at the beginning of the month, when with three consecutive improvements it climbed to 38,259 pesos and ended at a level quite similar to that registered in July.
Regarding the reference blackboard of the Republic Bank (BROU), he dollar it was offered at 36.45 pesos for purchase, and 38.85 pesos for sale. On the other hand, the preferential value of the eBROU dollar it was at 36.95 pesos for the purchase, and 38.35 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed at 37,650 pesos, while the maximum price was 37,650 pesos, and the minimum was 37,550 pesos. On this day, the number of transactions was a total of 60, with an amount total operations of more than 30.9 million dollars.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) were quoted at an average of 39.07 pesos for online purchase through a bank or with a card, and from 39.07 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.
Depreciation is 6.19% so far this year
With this new setback, the dollar accumulates a depreciation of 6.19% with respect to the end of 2022 and that drop reaches 7.85% if compared with its performance on the day of August 31 of last year, which speaks of a scenario of exchange rate delay .
Thus, while it is difficult for the interbank to re-establish itself in the 38-peso range, the exchange rate seems quite far from what market players expect. It is that, for example, the last Economic Expectations Survey The BCU expects a dollar at 39.61 pesos for December of this year, something that still seems far away, beyond the downward corrections of the analysts consulted by the Central bank.
The price of the dollar over the last five days
- August 23 — 37,709
- August 24 — 37,686
- August 28 — 37,696
- August 29 — 37,788
- August 30 — 37,682
Source: Ambito
