The dollar closed its eighth consecutive month on the rise and remained at its peak of more than two and a half years

The dollar closed its eighth consecutive month on the rise and remained at its peak of more than two and a half years

November 29, 2024 – 16:39

The US currency was stable this Friday, but achieved a new weekly increase and remains at its highest levels since February 2022.

Photo: Pexels

He dollar closed stable and remains at its peak of more than two and a half years, after closing at 43,158 pesos, with a very slight variation of 0.01% compared to Thursday, according to the price of the Central Bank of Uruguay (BCU).

After a weekly rise of 1.31% driven by different factors, the greenback reached an increase of 3.62% in November, reaching its eighth consecutive monthly improvement. With this history, it is not surprising the growth of dollar in the annual accumulated, which reached 10.6%.

On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 42.05 pesos for purchase and 44.25 pesos for sale. For its part, the preferential value of eBROU dollar It was at 42.55 pesos for purchase and at 43.75 pesos for sale.

The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 46.90 pesos for online purchases with a bank account or card, and from 44.59 pesos to 47.48 pesos in the Binance peer-to-peer (P2P) market.

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The dollar’s momentum

He dollar increased its value in recent weeks, in the heat of the strength of the currency globally after the victory of donald trump in the elections of USA. However, after some days of weakness, there are other factors that drive its value in the local exchange market.

One of them is the depreciation of the real in Brazil, which today traded with relative stability but is very close to its historical maximum, which it broke this Thursday, in the midst of the conflicts that the government of Lula da Silva on the fiscal front.

Another variable may be linked to the transition in Uruguay, with investors closely following the definition of the president-elect’s cabinet Yamandu Orsi, as well as the announcement of the first measures for his mandate, which will take office on March 1, 2025.

The dollar during the last days

  • November 22 — 42,600
  • November 25 — 42,842
  • November 26 — 42,820
  • November 27 — 43,007
  • November 28 — 43,157

Source: Ambito

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