The note rose 0.33% this Friday and stopped the sharp fall of the previous two days, which took it to the $38 range.
He dollar rose 0.33% compared to Thursday and closed at 38,506 pesos, according to the price of the Central Bank of Uruguay (BCU), leaving behind two sharp falls in a row that made it abandon the range of 39 pesos, which it touched briefly on Tuesday.
With this improvement, the banknote recovered ground at the close of a negative week, where it fell 0.73% and once again set off the alarms about the exchange delay. Anyway, the dollar accumulated growth so far this month of 2.54% and, if compared to the end of 2023, the depreciation of the US currency is 1.32%.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.25 pesos for purchase and 39.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.75 pesos for purchase and at 39.35 pesos for sale.
The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,530 pesos, while the maximum price was also 38,550 pesos, and the minimum was 38,450 pesos. On this day, the number of transactions was a total of 47, with a transaction amount of more than 24 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today from 41.45 pesos to 42.77 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 38.60 pesos for purchase, and at 38.60 pesos for sale.
The future value of the dollar, tied to the decisions of the Fed
Looking to the future, the value of dollar will be strongly linked to the decisions of the United States Federal Reserve (Fed) and its restrictive policy, according to the expectations of the Uruguayan market.
The president of the Montevideo Stock Exchange (BVM), Angel Urraburu, he explained to Ambit that “the interest rates in the United States reached a peak” and the next decisions of the Fed will be linked to the decline in the inflation.
For this reason, Urraburu considered that the Monetary Policy Rate (TPM) of the BCU, which recently dropped 50 basis points, to 8.5%, “is not the only variable that influences the exchange rate” at the local level, but “one of the many and perhaps not one of the most important,” by highlighting the Fed’s decision and the inflation expectations of economic agents.
The dollar throughout the previous dayspray
- April 12 — 38,788
- April 15 — 38,891
- April 16 — 39,223
- April 17 — 38,707
- April 18 — 38,378
Source: Ambito
