So far this month, the foreign currency accumulated a rise of 3.59%, classifying October as a positive month so far.
At the close of trading on Friday, the dollar reached four consecutive positive weekssomething that has not happened since December 2021, achieving achievements that could not be repeated for months and even years, in an October that promises, at least, to recover all of the value lost by the US currency in 2023.
Despite having closed with a slight decrease of 0.03% compared to Thursday, the dollar accumulated a positive variation of 0.87% from end to end in the second week of October; the fourth consecutive to achieve advances in its price when it reaches Friday, which generates expectations regarding how the market will open the foreign currency this Tuesday.
The exchange rate was quoted at 39.94 pesos, according to data from the Central Bank of Uruguay (BCU), and it still cannot break another close record: reaching the 40 peso range, in which it has not operated since the end of last year. In any case, the month has been extremely positive for the dollar, accumulating a appreciation of 3.59% so far in October—barely 10 exchange days—and shaping up to what could be its biggest monthly rise throughout 2023, so far.
Good news for dollar bonds
The Uruguayan bonds in dollars and pesos registered a general increase during this week, while those linked to Indexed Units (UI), according to the latest AFAP Weekly Monitor of the Republic. Between last Monday the 9th and Friday the 13th, the behavior of the global bonds Sovereign debt rose, with an increase of up to 3.06% for 2050 securities, followed by improvements of 2.68% and 2.12% for 2055 and 2045 securities, respectively.
The bonuses 2033 (1.30%), 2036 (1.01%), 2031 (0.63%), the Bond Indexed to Climate Indicators (BIIC) to 2034 (0.49%), 2027 (0.46%) and 2025 (0.10%). On the other hand, the title to 2024 operated with a slight decrease of 0.05%.
Something similar happened with the bonds in pesos, since that of 2028 experienced an increase of 0.42%, while that corresponding to 2031 had an increase of 0.55%, while that of 2033 remained stable.
On the other hand, the titles in Indexed Units They operated downwards. That of 2027 showed a decrease of 0.39%, while that of 2028 fell 0.86% and that of 2030 experienced a decrease of 0.63%. In turn, that of 2037 fell 0.39% and that of 2040 fell 1.01%.
Source: Ambito
