The dollar added its second consecutive fall and signed its lowest value in almost a month

The dollar added its second consecutive fall and signed its lowest value in almost a month
November 10, 2023 – 17:37

The banknote closed the week with a decline of 0.17% and reached levels it had not reached since the beginning of October.

Photo: Pexels / Engin Akyurt

He dollar fell 0.17% compared to Thursday and closed the week at 38,807 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the interbank signed its second consecutive decline and moves away from the range of 40 pesos.

With this setback, the US currency reached its lowest value in almost a month, since on October 11 it was worth 39,733 pesos, the last day where it remained at a similar level. Furthermore, with this new setback, the dollar accumulates a depreciation of 0.42% so far this month.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 38.65 pesos for purchase, and 41.15 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.15 pesos for purchase, and 40.65 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,900 pesos, while the maximum price was 39,900 pesos, and the minimum was 39,750 pesos. On this day, the number of transactions was a total of 12, with a transaction amount of 11.4 million dollars.

The crypto Tether (USDT)1 to 1 parity with he dollarwas quoted at an average of 40.50 pesos for online purchases through a bank or card, and from 40.50 pesos to 44.03 pesos in the Binance peer-to-peer (P2P) market.

For its part, the price of dollar prex It was at 39.90 pesos for purchase, and also at 39.90 pesos for sale.

The exchange rate delay increases

After two consecutive days of decline, the dollar accumulates a decrease of 0.66% so far this year after two quite positive months, in a context of exchange delay. Meanwhile, if analyzed in the year-on-year comparison, the drop is 0.43%.

The misalignment of the exchange rate continues to arouse criticism from some sectors and was recently confirmed Margarita Varela, executive secretary of the Union of Exporters of Uruguay (UEU), who stated that “it continues to be among the main concerns” of the sector.

Regarding the recovery of the banknote in recent months, he admitted that it is “a good sign”, although he made it clear that “it is not enough to compensate for the fall of the last year.”

The price of the dollar over the last five days

  • November 3 — 39,821
  • November 6 — 39,927
  • November 7 — 39,918
  • November 8 — 39,935
  • November 9 — 39,875

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts