The US currency had a daily drop of 0.32% and entered negative territory in the monthly comparison.
He dollar fell 0.32% compared to Monday and closed at 38.285 pesos, according to the price of the Central Bank of Uruguay (BCU), so it added its third consecutive loss and is close to returning to the 37 peso range.
With this setback, the US currency entered slightly negative territory so far this month, with a depreciation of 0.06%, reaching values it had not reached since last Monday the 6th, when it closed at 38,353 pesos. Meanwhile, the decline in dollar if compared to the end of 2023, reaching 1.89% and moving away from the value expected by economic agents.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.15 pesos for purchase and 39.55 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.65 pesos for purchase and at 39.05 pesos for sale.
The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,330 pesos, while the maximum price was also 38,330 pesos, and the minimum was 38,250 pesos. On this day, the number of transactions was a total of 35, with a transaction amount of more than 17.4 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.86 pesos for online purchases through a bank or card, and from 40.70 pesos to 42.71 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 38.11 pesos for purchase, and at 38.49 pesos for sale.
The market expects a higher dollar
Despite these three consecutive losses, the market believe that he dollar can cut a good part of the exchange rate delay, as arises from the Economic Expectations Survey published this Monday by the BCU. Although they moderated the average value for the end of the year by 30 cents, they believe that the currency will end 2024 at 40.05 pesos.
However, at times when the inflation expectations, Economic agents believe that the note can reach 38.61 pesos at the end of this month, a value that could be reached if it trades upward in the coming days.
The dollar throughout the previous days
- May 14 — 38,641
- May 15 — 38,728
- May 16 — 38,781
- May 17 — 38,497
- May 20 — 38,285
Source: Ambito
