The US currency fell 0.49% today, but still strengthened in September against the Uruguayan peso.
He dollar It fell 0.49% compared to Thursday and was quoted at 38.556 pesos, ending a streak of four consecutive days on the rise and closing September with a significant increase of 2.56%, according to data from the Central Bank of Uruguay (BCU).
In this way, the US currency ended a month in which it managed to return to the range of 38 pesos and stabilize at that line, although in any case the exchange delay It continues if compared to the end of 2022, with a decline of 3.78%. The depreciation stretches to 7.61% in the interannual variation.
Regarding the reference board of the Republic Bank (BROU)he dollar bill It was offered at 37.25 pesos for purchase, and 39.75 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.75 pesos for purchase, and 39.25 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,500 pesos, while the maximum price was 38,700 pesos, and the minimum was 38,500 pesos. On this day, the number of transactions was a total of 61, with a transaction amount of more than 30.8 million dollars.
Cryptocurrencies 1 to 1 parity with the dollar as Tether (USDT) They were quoted at an average of 39.93 pesos for online purchases through a bank or card, and from 39.93 pesos to 41.48 pesos in the Binance peer-to-peer (P2P) market.
The value of the dollar is slowly approaching projections
Despite criticism from different sectors for the exchange rate delay, the specialists consulted by the BCU in its Economic Expectations Survey (EEE) this week cut their expectations about the value of the dollar, which is projected at 39.40 pesos at the end of the year.
In this way, the market seems to begin to digest the misalignment of the exchange rate, even more so when compared to the 42.10 pesos they believed the interbank could reach when the year began.
However, what happens at the international level will be essential, in a context of volatility and uncertainty, linked to high interest rates in USA and doubts about the future growth of China, at a time when emerging currencies are experiencing a “rebound effect” compared to this year’s great performance.
The price of the dollar over the last five days
- September 22 — 38,115
- September 25 — 38,277
- September 26 — 38,285
- September 27 — 38,447
- September 28 — 38,746
Source: Ambito
