The US currency rose 0.18% compared to yesterday and corrected the bearish streak of recent days.
He dollar rose 0.18% compared to Thursday and closed at 39,942 pesos, breaking a streak of four consecutive days of decline and approaching last week’s levels, according to data from the Central Bank of Uruguay (BCU).
With this improvement, the dollar remains positive in October and accumulates an appreciation of 3.59% so far this month. In addition, he corrected much of the exchange delay accumulated during the year, since it reduced the depreciation to 0.32% compared to the end of 2022.
Regarding the reference board of the Republic Bank (BROU)he dollar bill Retail was offered at 38.75 pesos for purchase, and 41.25 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.25 pesos for purchase, and 40.75 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,970 pesos, while the maximum price was 40 pesos, and the minimum was 39,920 pesos. The number of transactions on the day was a total of 27, with an amount of operations of more than 15 million dollars.
Cryptocurrencies 1 to 1 parity with the dollar (stablecoins) like Tether (USDT) They were quoted at an average of 41.59 pesos for online purchases through a bank or card, and from 41.59 pesos to 43.87 pesos in the Binance peer-to-peer (P2P) market.
Will the dollar be able to exceed 40 pesos?
Although the US currency had been trading downwards for four consecutive days, with today’s increase it cut that decline and was even just above it. Given this scenario, and taking into account that the market corrected its projections upwards, until taking it to 40 pesos by the end of December, it is worth asking: will the dollar reach that range that it has not reached since December 30, 2022?
However, this projection made by the analysts of the BCU In its expectations survey, it places the bill at 40 pesos only by the end of the year, to the point that today the real value is above projections. The possibility then opens that the currency remains “ironed” or with slight ups and downs in the coming weeks.
Some of the keys to analyzing behavior will be those that have to do with decisions about the interest rates of the Federal Reserve (Fed) of USA, as well as the possible impact of the continuity of the war between Israel and Hamas, with its consequent impact on the price of Petroleum.
The price of the dollar over the last five days
- October 12 — 39,953
- October 13 — 39.94
- October 17 — 39,894
- October 18 — 39,885
- October 19 — 39,872
Source: Ambito
