He dollar closed a very positive week in which it consolidated in the range of 38 pesos, after reaching an increase of 0.73% this Friday compared to the previous day, which placed it at 38,521 pesos, according to interbank data of the Central Bank of Uruguay (BCU).
In moments where the exchange delay generates strong debates about the competitiveness in Uruguay, a topic that is beginning to get into the campaign, the dollar concluded its first positive week after 7 falls, with a cumulative improvement of 2.58%.
In this way, after a very negative March, the US currency begins to partially reduce the decline so far in 2024 in April, although it still has a depreciation of 1.28% compared to the end of 2023.
On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 37.30 pesos for purchase and 39.80 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.80 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 38,550 pesos, while the maximum price was also 38,521 pesos, and the minimum was 38,500 pesos. On this day, the number of transactions was a total of 24, with a transaction amount of 12.9 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 39.85 pesos for online purchases through a bank or card, and from 40.99 pesos to 42.09 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 38.41 pesos for purchase, and at 38.79 pesos for sale.
The dollar, above expectations and contrary to the global scenario
The appreciation of dollar in the Uruguayan exchange market led to exceeding the price of 38 pesos expected by economic agents, according to the latest Economic Expectations Survey (EEE) of the BCU, although still far from the 40.15 pesos that await for the end of the year.
At the same time, the rise of the banknote this week contradicts what happened internationally. It is that, although the dollar index It rose 0.048% today, reaching 104.27 units, recording a weekly decline, going from five-month highs to two-week lows.
In this framework, analysts are beginning to suspect that next week there will be a new message from the government to continue appreciating the currency at the local level. It is that at the meeting on Wednesday of the Monetary Policy Committee (Copom), progress could be made with a new cut in the interest rates, today at 9%.
The dollar over the past five days
- March 27 — 37,552
- April 1 — 37,857
- April 2 — 38,122
- April 3 — 38,247
- April 4 — 38,240
Source: Ambito
