The US currency and the inflation-linked instrument are common for Uruguayan savers, although one stood out last year.
Although he dollar It is one of the usual refuges of Uruguayan savers, its current value after erratic behavior in recent times led to other financial instruments becoming a better option to maintain the purchasing power.
One of the elements that gained prominence are the Indexed Units (UI), which are updated according to the level of inflation that reflects the INE every month in CPI, which closed 2023 at 5.11%, within the target range established by the Central Bank of Uruguay (BCU).
A report from the site specialized in personal finance Sherpa Staff showed that the UI yielded 13.4% than the dollar during 2023, if the sales and purchase values of the dollar are taken into account. BROU, something that was repeated in recent years, since the difference was 29.1% in 2022 and 8.1% in 2021.
When graphing this improvement, the survey focused on a saver who decided to invest 100,000 pesos on January 1, 2023, when he could access 17,851 UI and 2,439 dollars, respectively.
The report stated that the UI went from being worth 5.6018 to 5.8737 on December 31, while, in that period, the dollar It was reduced from 41 to 37.90, since the first is the sale value and the second is the purchase value of the BROU.
After carrying out this exercise, taking into account how to maintain purchasing power, Personal Sherpa indicated that “de-dollarizing a good part makes sense for those who live and consume in Uruguay”, although he clarified that whoever turns to the UI “does not gain anything”, since the purchasing power is the same.
How have the UI and the dollar performed since 2001?
The Indexed Unit It has existed since June 1, 2002 and if the comparison with the US currency is analyzed since its creation, the difference is also clearly in favor of the UI.
With the same example of a saver who invested 100,000 pesos at that time, today he would have the equivalent of 221,637 pesos in dollars, while it would reach up to 587,370 pesos if he chose UI.
Source: Ambito
