The US currency fell 0.11% this Friday, although it closed with a slight weekly increase, the third in a row.
He dollar fell 0.11% compared to Thursday and fell in the last day before the elections 2024, according to the quote of the Central Bank of Uruguay (BCU), in a month where the greenback seems consolidated around the middle zone of the 41 peso range.
After this decline, the US currency closed the week practically stable, with a slight increase of 0.02%. Thus, although the dollar added its third consecutive weekly improvement, both this and the previous one (0.03%) were marginal, while the previous one was a little more substantial, 0.53%.
Despite this, the greenback remains on the decline so far this month, with a decline of 0.20%, although the balance in the accumulated year is largely positive, with an appreciation of 6.49%.
On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.20 pesos for purchase and 42.70 pesos for sale. For its part, the preferential value of eBROU dollar It was at 40.60 pesos for purchase and 42.30 pesos for sale.
The closing price in Uruguayan Electronic Stock Exchange (Bevsa) was 41,556 pesos, while the maximum price was also 41,600 pesos, and the minimum was 41,470 pesos. A total of 42 transactions were carried out, with a transaction amount of almost 22 million dollars.
The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 45.16 pesos for online purchases with a bank account or card, and from 42.40 pesos to 47.71 pesos in the Binance peer-to-peer (P2P) market.
What could happen to the dollar after the elections?
After a drop in the last day before the elections and relative stability in recent weeks, after a period of volatility that took it above 42 pesos, the behavior of the dollarafter Sunday’s vote and an eventual runoff seems uncertain.
According to a report by Gaston Bengochea to which he agreed Scope, After the inauguration of a new government, a period of uncertainty begins, which leads many investors to diversify their positions, moving from Uruguayan pesos to currencies such as the United States.
“It is reasonable to expect that the uncertainty generated by the elections and changes in government will impact the exchange rate, leading agents to take refuge in safer currencies. This would result in an increase in the demand for these currencies and, therefore, in a depreciation of the Uruguayan peso in front of them,” said the economist Adrian Moreira in the document.
The dollar during the last days
- October 18 — 41,546
- October 21 — 41,448
- October 22 — 41,514
- October 23 — 41,596
- October 24 — 41,602
Source: Ambito
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