The dollar deepened its fall and reached its lowest value in more than 5 months

The dollar deepened its fall and reached its lowest value in more than 5 months

The bill fell 0.38% and is going through a negative streak in March, according to the price of the Central Bank of Uruguay.

Photo: Freepik

He dollar fell 0.38% compared to Tuesday and closed at 38,641 pesos, according to the price of the Central Bank of Uruguay (BCU), reaching its lowest value in more than 5 and a half months and moving further and further away from the range of 39 pesos.

With this behavior, the banknote has accumulated two consecutive days of decline and seems to leave behind its “ironed” value to deepen the exchange delay, with a decrease of 1.04% so far this month. Meanwhile, if compared with the end of 2023, the accumulated fall in dollar is lower, 0.98%.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.40 pesos for purchase and 39.80 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.90 pesos for purchase and at 39.30 pesos for sale.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,570 pesos, while the maximum price was 38,750 pesos, and the minimum was 38,570 pesos. On this day, the number of transactions was a total of 41, with a transaction amount of 23.8 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.99 pesos for online purchases through a bank or card, and from 40.99 pesos to 42.86 pesos in the Binance peer-to-peer (P2P) market.

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The dollar reached its lowest value since the end of September

After reaching 38,641 pesos today, the dollar reached its lowest level in more than 5 months, exceeding the 38,685 pesos that it was worth on January 23 of this year, so it is moving further and further away from the price expected by the market.

In fact, you have to go back to September 29, 2023 to find a lower price, when the note reached 38,556 pesos, at a time when the US currency began an upward trajectory, which took it from the range of 37 pesos at the beginning. of that month until reaching 40 pesos at the beginning of November.

With this panorama, the dollar moves away from the expectations of the analysts consulted monthly by the BCU, They expected it to reach 39.20 pesos in February and predicted an upward trajectory for the end of the year, reaching 41.40 pesos at the end of the year.

The dollar over the past five days

  • March 6 — 38,962
  • March 7 — 38,761
  • March 8 — 38,756
  • March 11 — 38,811
  • March 12 — 38,789

Source: Ambito

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