After the opening of the session, the US dollar is trading at 42.68 Uruguayan pesos, which means that it has risen 1.77% against the previous day's figure of 41.94 Uruguayan peso.
Taking into account last week, the US dollar increased by 1.13%. Nevertheless, it is still falling 1.6% compared to the previous year.In relation to the change of this day compared to the previous day, the data from the previous day, which was not able to establish a stable trend recently, is diverting data from the previous day, which has decreased by 1.56%. The volatility figure is notorious than the figure accumulated last year, so it is showing a more unstable behavior.
In theannual photo, the US dollar turned into 44.73 Uruguayan pesos, and the lowest level was 41.44 Uruguayan pesos. The US dollar is closer to a low point than its maximum.
The Uruguayan peso peso
was the official currency of circulation in Uruguay since 1993 and replaced the old peso after going through a period of high inflation.
As ofOctober 29, 1991, the Central Bank of Uruguay was authorized to issue new banknotes to eliminate the old Uruguayan pesos, which were equivalent to 1,000 new pesos. Coins began to circulate until March 1993.
In the 1990s, a new mechanism was introduced to better predict the value of the peso against the dollar, establishing a floating band system.
Later, with Jorge Batlle as president in 2002, Uruguay suffered a financial crisis due to capital flight, and until a few months later it was difficult to control the exchange market. It was decided to switch to an independent flotation system that is being maintained today.
After the 2002 maxi assessment, a period of currency rise has continued. It should be noted that the coin uses animal and national figures on the back as a design.
In theeconomic sphere, Uruguay began to show signs of recovery after the destruction of the coronavirus pandemic. In 2021, it recovered 108,000 jobs and 9,000 more jobs lost in 2020.
However, the Uruguayan administration also decided to raise tariffs on the most consumed fuel in the United States by 3 pesos, which caused discontent among citizens.
Agencies
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