The US currency has fallen 1.94% so far this month, although globally the price fell 3.38%.
He dollar in Uruguay fell again and remains in negative territory as November approaches its end, leaving behind the auspicious record of October and once again widening the gap in the exchange delay.
After going down a 0.12% In its second consecutive day of decline, the dollar closed yesterday in 39.2 pesosaccording to the official quote of the Central Bank of Uruguay (BCU). In this way, he once again approached the 38 peso range, after this month he managed to exceed 40 pesos for the first and only time this year.
Although this value is not the lowest it reached this month – it was listed at 39,066 pesos on November 21, after six consecutive days of decline – the deterioration of the price does set off alarms, considering that the market expectations They pointed out a dollar at 39.95 pesos by the end of November, and one at 40.10 pesos at the end of 2023.
Currently, the US currency accumulates a 1.94% decline with respect to October—a month that seemed to be the beginning of a better stage in terms of correcting the exchange rate delay—; while the imbalance in relation to the end of 2022 is 2.17% down.
With just three exchange days left, and without solid signals from abroad either, everything seems to indicate that November will close in negative territory, reversing a good part of what was recovered last month.
The dollar index, falling
Meanwhile, the international context nor does it help the dollar at the local level can be sustained: dollar index opened lower at 103,035 units and reached lows of 102,715 units.
Yesterday, meanwhile, the closing had located this indicator that compares the value of dollar with a basket made up of six currencies of global importance at 103,105 units. On November 23, just two exchange days ago, it was 103,825 units.
The drop is even more significant if the behavior of the entire month is considered: November 1, when in Uruguay The US currency managed to trade above 40 pesos, the dollar index It reached its maximum peak of the month—very close to the record reached on October 3—of 106,715 units. Since then, he lost a 3.38% of its value.
If we consider that in November, the dollar in Uruguay falls by 1.94%, it is a scenario at least not as negative as that experienced by the currency globally.
Source: Ambito
