The US currency rose this Friday and not only broke its record for the year, but also reached levels seen in November 2022.
He dollar rose 0.42% compared to the previous trading day and closed at 40.454 pesos, according to the exchange rate. Electronic Stock Exchange of Uruguay (Bevsa), breaking its highest level of the year and reaching values of more than 20 months.
With this new advance, the greenback follows the global trend and has already improved by 1.16% so far this month. In this way, the dollar is on track to record its fourth consecutive monthly rise and already has an appreciation of 3.67% in the annual accumulation.
The US currency is even above the forecasts of the analysts consulted by the Central Bank of Uruguay (BCU), which expects it to be at 40.08 pesos by the end of the month.
On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39.10 pesos for purchase and 41.60 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.60 pesos for purchase and 41.10 pesos for sale.
Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 43.68 pesos for online purchases with a bank account or card, and from 42.77 pesos to 44.33 pesos in the Binance peer-to-peer (P2P) market.
The dollar strengthens worldwide
The appreciation of the dollar is due to various factors. Some local ones, such as the sharp drop in the Foreign direct investment (FDI), but the main ones have to do with international issues. The greenback is appreciating worldwide, mainly against the currencies of emerging countries.
In dialogue with Ambit, the economist of the Center for Development Studies (CED), Ignacio Umpiérrez, He pointed out that there is “some deterioration in financial conditions for emerging countries” and considered that this strengthens the dollar and “may be anticipating what will happen if a victory is consolidated Donald Trump in the elections of USA”.
In this regard, he considered that the local exchange market “is following the global trend, with a strengthening dollar,” despite the fact that a possibility of a drop in exchange rates appears on the horizon. Federal Reserve (Fed)”.
The dollar in the previous days
- July 11 — 40,021
- July 12 — 40,103
- July 15 — 40,145
- July 16 — 40,141
- July 17 — 40,284
Source: Ambito
