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The dollar fell and completed a downward week

The dollar fell and completed a downward week
February 23, 2024 – 17:26

The bill remains in negative territory so far this month and was a few cents away from $38.

Photo: Freepik

He dollar fell 0.05% compared to Thursday and closed at 39,063 pesos, according to the price of the Central Bank of Uruguay (BCU), completing the week with a decline and being close to returning to the 38 peso range.

The US currency thus accumulated a loss of 0.19% in the week and the depreciation reached 0.26% in February. However, if its behavior so far this year is analyzed, the dollar It increased 0.11% compared to the end of 2023, as a result of a positive January.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.85 pesos for purchase and 40.35 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.35 pesos for purchase and at 39.85 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,100 pesos, while the maximum price was also 39,100 pesos, and the minimum was 39 pesos. On this day, the number of transactions was a total of 48, with a transaction amount of 27.6 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.98 pesos for online purchases through a bank or card, and from 41.10 pesos to 43.08 pesos in the Binance peer-to-peer (P2P) market.

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The market does not expect big jumps for the dollar

Beyond some ups and downs, the dollar It maintains a flat price so far this year and the market has already taken note of the situation. A reflection of this is that the analysts consulted by the BCU in the Economic Expectations Survey They cut their projections by 0.46% and expect the note to close the month at 39.20 pesos, above the current value.

In moments where the Copom decided to pause the downward cycle of the interest rate, keeping it at 9%, the economist of CPA Ferrere, Giuliano Cantisani, he expressed to Ambit that “no major impacts are expected on the exchange rate” and ventured that “it would maintain relative stability, accumulating a slight depreciation during the year.”

The dollar over the past five days

  • February 16 — 39,137
  • February 19 — 39,082
  • February 20 — 39,055
  • February 21 — 39,097
  • February 22 — 39,083

Source: Ambito

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