The US currency advanced 0.29% this Tuesday, unlike the drop recorded globally.
He dollar added its fourth consecutive day to the rise and is gradually approaching the range of 39 pesos, after rising 0.29% compared to Monday and trading at 38,641 pesos, according to data from the Central Bank of Uruguay (BCU).
In this way, the greenback distanced itself in the local exchange market from what was a drop globally and remains positive so far this month, with an improvement of 0.84%. Meanwhile, in the comparison with the end of 2023, the decrease in dollar is 0.98%.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.50 pesos for purchase and 39.90 pesos for sale. For its part, the preferential value of eBROU dollar It was 38 pesos for purchase and 39.40 pesos for sale.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.97 pesos for online purchases through a bank or card, and from 41.20 pesos to 42.77 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 38.46 pesos for purchase, and at 38.84 pesos for sale.
Despite the rise in the dollar, competitiveness is worrying
At a time when the US currency has accumulated four consecutive increases, different sectors expressed their concern about the competitiveness of the Uruguay, in moments where real exchange rate It is between 12% and 15% below its fundamental level, according to BCU estimates.
Faced with this scenario, Patricio Cortabarría, president of the Rural Association of Uruguay (ARU), expressed in dialogue with Ambit that the correction of exchange delay must occur by “reducing the fiscal deficit”.
“Today we are talking about about 2.5 billion dollars that the government spends more than it earns and that is financed through debt. You have to lower the public spending or increase the GDP without increasing spending,” Cortabarría proposed.
The dollar throughout the previous days
- May 7 — 38,613
- May 8 — 38,431
- May 9 — 38,487
- May 10 — 38,511
- May 13 — 38,531
Source: Ambito
