The US currency increased 0.46% compared to Thursday and closed the week with its second consecutive rise.
He dollar increased 0.46% compared to Thursday and was quoted at 39,308 pesos, according to data from the Central Bank of Uruguay (BCU), so that the US currency closed the week with its second consecutive rise and at a value it had not reached since November 20.
In this way, after a negative month like November, the dollar There is an improvement of 0.48% so far this month, but it has not completely reversed the depreciation in 2023, which reaches 1.90% from the end of 2022.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 38.15 pesos for purchase, and 40.65 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.65 pesos for purchase, and at 40.15 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,350 pesos, while the maximum price was also 39,350 pesos, and the minimum was 39,250 pesos. On this day, the number of transactions was a total of 41, with a transaction amount of almost 29 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.04 pesos for online purchases through a bank or card, and from 41.04 pesos to 43.05 pesos in the Binance peer-to-peer (P2P) market.
Will the dollar return to 40 pesos?
So far in a year that is close to ending, the dollar It only reached the 40 peso range once. It was last November 1, when it closed at 40,019 pesos and, after the holiday for Day of the Dead, On the 3rd of that month it was 39,821 pesos. After a noticeable drop, which even made it briefly return to the range of 38 pesos, it is worth asking: can it return to 40 pesos before the end of the year?
Based on market expectations, this seems possible. It is worth noting that in the last Economic Expectations Survey, the analysts consulted by the BCU They projected an exchange rate of 40.10 pesos for the end of the year, revising upwards their previous valuation. Added to this forecast is the Chamber of Commerce and Services of Uruguay (Ccsuy), which in its last bulletin anticipated that it will end the month at 40 pesos.
However, the price of the US currency was erratic in the last month and some sectors contemplate the possibility of a new dollar “ironing”, a situation that generates concern in agro-exporters due to the exchange delay and in the coastal shops along the exchange difference with Argentina.
The dollar over the past five days
- December 1 — 38,974
- December 4 — 39,105
- December 5 — 39.17
- December 6 — 39,070
- December 7 — 39,127
Source: Ambito
