He dollar fell 1.02% compared to Wednesday and was quoted at 37,706 pesos, according to data from the Central Bank of Uruguay (BCU), so it returned to the range of 37 pesos, in which it had not operated since the beginning of September of last year.
The banknote is going through a more than negative March, with a depreciation of 3.43%, while in the accumulated figure for 2024 the decrease is 3.37%. Thus, the dollar broke an important symbolic barrier and deepens the exchange delay which has been the subject of criticism from the sector agroexporter, but also from opposition leaders.
The last time that the interbank had operated in the range of 37 pesos was on September 6, while the current value is the lowest since September 1, when it was trading at 37,676 pesos.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 36.45 pesos for purchase and 38.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 36.95 pesos for purchase and at 38.35 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 37,660 pesos, while the maximum price was 37,950 pesos, and the minimum was 37,600 pesos. On this day, the number of transactions was a total of 62, with a transaction amount of 30.7 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.57 pesos for online purchases through a bank or card, and from 40.46 pesos to 42.72 pesos in the Binance peer-to-peer (P2P) market.
The dollar, contrary to the international scenario
The sharp decline in dollar in Uruguay contrasted with what happened on the international stage, where the US currency moved upwards after this Wednesday’s decision by the United States Federal Reserve (Fed) to maintain the interest rate, despite still planning to make three cuts in 2024.
In addition to the Fed’s decision, the currency’s price was strengthened by the surprise 25 basis point cut in the interest rates of the Swiss National Bank (BNS), the first major central bank to ease a restrictive monetary policy aimed at combating the inflation.
Thus, the dollar index, which compares the greenback with a basket of six prominent currencies, gained 0.75%. He euro decreased 0.51%, to 1.0862 dollars, while the pound fell 0.99% to $1.266. Meanwhile, the and in stabilized, at 151,655 units and the Swiss franc fell to 0.8981 units.
The dollar over the past five days
- March 14 — 38,404
- March 15 — 38,454
- March 18 — 38,389
- March 19 — 38,499
- March 20 — 38,095
Source: Ambito
