The dollar rose again and continues its bullish rally

The dollar rose again and continues its bullish rally

October 5, 2023 – 17:45

The North American currency chained its fourth consecutive day on the rise and accumulated an increase of 2.18% in October.

Photo: Pixabay

He dollar rose 0.02% compared to the last day and closed at 39,397 pesos, according to the official price of the Central Bank of Uruguay (BCU)thus chaining its fourth consecutive day on the rise and accumulating an increase of 2.18% in October.

Despite this monthly increase, so far in 2023, the US currency still registers a decline of 1.68% compared to the end of 2022. On a year-on-year basis, the drop is 3.87%.

Despite the bullish streak of recent days, it is likely that soon the dollar in Uruguay reaches its ceiling at 40 pesos, taking into account that the current behavior could be due to a small upward correction after a few months of sustained decline.

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The retail ticket sells for over 40 pesos

On the reference board of the Republic Bank (BROU)he dollar bill Retailer was offered at 38.20 pesos for purchase, and 40.60 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.70 pesos for purchase, and 40.10 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,400 pesos, while the maximum price was also 39,400 pesos, and the minimum was 39,380 pesos. On this day, the number of transactions was a total of 36, with a transaction amount of 18.5 million dollars. At the same time, an operation of NDF dollar —Non Delivery Forward— (11/06/2023) for $5 million.

Cryptocurrencies 1 to 1 parity with the dollar as Tether (USDT) They were quoted at an average of 41.20 pesos for online purchases through a bank or card, and from 41.20 pesos to 43.06 pesos in the Binance peer-to-peer (P2P) market.

For its part, the price of dollar prex It was 39.00 pesos for purchase, and 39.40 pesos for sale.

The price of the dollar over the last five days

  • September 28 — 38,746
  • September 29 — 38,556
  • October 2 — 38,721
  • October 3 — 39,141
  • October 4 — 39,388

Source: Ambito

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