When was the last time the dollar reached $43?

He dollar is at its highest level of the year, remaining at 42,913 pesos this Friday according to the price of the Central Bank of Uruguay (BCU), within the framework of a new bullish rally that has been going on for almost three weeks.

In the heat of a greenback that is strengthening globally after the Republican’s victory donald trump in the elections of USA, he dollar completed a particularly positive week, 1.82%, with four increases in five days.

In this way, the US currency has already improved by 3.03% so far this month compared to the Uruguayan peso and its appreciation in 2024 is 9.97%, after having increased almost four pesos in ten and a half months.

When was the last time the dollar was at 43 pesos

This bullish scenario, which took the North American currency from 39 pesos to the ceiling of the 42 peso range, suggests that there is room to continue climbing, so it is worth asking when was the last time the dollar reached 43 weights.

To find a day with the bill at that value you have to go back to February 24, 2022, that is, almost 32 months, when it was quoted at 43,025 pesos.

The difference is that at that time it was a bearish scenario, where the US currency had reached 44,731 pesos on January 5 of that year and fell below 40 pesos by May 24, 2022.

The outlook until the end of the year

He dollar is going through a moment of strength in the local exchange market, which is almost 10% so far this year, but its recovery from the minimum of the year, which was 37,507 pesos on March 26, is even greater.

From there, it led seven consecutive monthly increases and is on its way to the eighth, with an increase of 14.41% in less than eight months (see graph). In the middle, there was strength of the greenback at a global level, volatility in the local market due to the uncertainty generated by the plebiscite of the PIT-CNT on social security and a significant depreciation of the real,that dragged with it the Uruguayan peso.

Looking ahead, Trump’s aforementioned arrival to power predicts inflationary policies and a stronger global dollar, as well as little certainty about the level of rates on the part of the United States Federal Reserve (Fed), which is now reviewing its stance on relaxing monetary policy.

Added to this is the possibility that the real continues to decline in the relationship against the US currency and influencing it at the local and regional level, as well as the electoral factor in Uruguay, with a runoff 2024 that will decide next Sunday the 24th if the next president will be Yamandu Orsi either Alvaro Delgado.