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The dollar closed the week higher and stabilizes in the $38 range

The dollar closed the week higher and stabilizes in the $38 range

The US currency rose 0.18% this Friday and remains positive so far this month in the Uruguayan exchange market.

Photo: Pixabay

He dollar rose 0.18% compared to Thursday and closed the week at 38,546 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the greenback accumulates three consecutive days on the rise and stabilizes in the range of 38 pesos, from which it has not left since April 16.

With this improvement, the US currency remains in positive territory so far this month, with an appreciation of 0.60%, while in the year-on-year comparison the dollar reaches a decrease of 1.22%, which keeps it far from the value expected by the market by the end of the year, just above 40 pesos.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.35 pesos for purchase and 39.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.85 pesos for purchase and at 39.35 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,570 pesos, while the maximum price was 38,580 pesos, and the minimum was 38,500 pesos. A total of 54 transactions were carried out, with a transaction amount of more than 28.3 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.91 pesos for online purchases through a bank or card, and from 40.35 pesos to 42.35 pesos in the Binance peer-to-peer (P2P) market.

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Complaints about exchange delays return

The value of dollar remains far from what its fundamentals suggest and the exchange delay, which has already accumulated 2 years, is questioned from different sectors. This was the case of the industrialists, since the vice president of the CIU, Gabriel Murara, stated that the exchange rate It should be 44 or 45 pesos.

When referring to the 15% gap in real terms that the BCU, Murara clarified: “It is not the same to divide 70% of the added value into 38.50 pesos as it is to do it into 44 or 45 pesos at which the exchange rate should be.”

To these criticisms, which had already arisen since the exporters and the agricultural sector, recently added the dairy industry, from where they admitted that the value of dollar “hits against”, referring to the price of the milk.

The dollar throughout the previous days

  • May 17 — 38,497
  • May 20 — 38,408
  • May 21 — 38,285
  • May 22 — 38,466
  • May 23 — 38,478

Source: Ambito

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