The dollar recovered ground and is going through a period of ups and downs

The dollar recovered ground and is going through a period of ups and downs

October 24, 2023 – 17:52

The note showed a daily rise of 0.08% and is on its way to closing a month in which it operated strongly upwards.

Photo: Freepik

He dollar rose 0.08% compared to the previous day and closed at 39,848 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the US currency maintains its good performance during the month, although it is going through a period of ups and downs.

With this improvement, the banknote has appreciated 3.33% so far this month and, if there is no collapse, the dollar It is on track to close October with the largest monthly increase in more than a year, exceeding September levels.

Regarding the reference board of the Republic Bank (BROU)he dollar bill Retailer was offered at 38.70 pesos for purchase, and 41.10 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.20 pesos for purchase, and 40.60 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,880 pesos, while the maximum price was 39,900 pesos, and the minimum was 39,800 pesos. The number of transactions on the day was a total of 35, with a transaction amount of more than 20.3 million dollars.

Cryptocurrencies 1 to 1 parity with the dollar (stablecoins) like Tether (USDT) They were quoted at an average of 41.48 pesos for online purchases through a bank or card, and from 41.48 pesos to 43.50 pesos in the Binance peer-to-peer (P2P) market.

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A dollar with ups and downs

With these figures, the dollar It fell in five of the last seven days, although in any case the price is still close to the 40 peso range and threatening to overcome that barrier, which it has not reached since the end of 2022 and where the year would end, according to the market forecasts.

Thus, the US currency has accumulated a decline of 0.56% so far this year, which stretches to 3.21% when compared year-on-year. In any case, the bill may rise in the coming months, according to international estimates.

For example, the analysts of JP Morgan They anticipate that the dollar strengthen over the next three to six months, driven by factors such as US exceptionalism and wide interest rate differentials.

The price of the dollar over the last five days

  • October 17 — 39,894
  • October 18 — 39,885
  • October 19 — 39,872
  • October 20 — 39,942
  • October 23 — 39,818

Source: Ambito

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