More than 20 private analysts issued their first projection of the year on the behavior of the dollar for 2023. The evolution was below the forecasts of the economic team.
The Central Bank (BCU) released the first survey of analysts’ expectations about the dollar.
Those consulted estimated that the dollar will have an median value of $40.95 at the close of the first half of the year. By December 2023 they marked that the US bill will be located in $42.10. The projections made in the first month of the year were practically in line with those made in December last year.
The minimum responses for the end of the year placed the dollar at $39 and the maximum at $44.
Regarding 2024, analysts forecast that it will have a value of $44.30.
The expectations for the currency are below those made by the economic team in the last Accountability. There it was forecast that the dollar will close 2023 at $45.5. By 2024, it is estimated that the value will maintain its bullish streak with a price of $48.4. The report indicated that the variation in the exchange rate is not a policy goal, but rather a working assumption on which the budget strategy is drawn up.
daily operation
This Thursday, the US bill closed at $39,151 in the interbank averageas reported by the Electronic Stock Market (Bevsa). With the price of the day drags a 1.39% drop in three consecutive days.
Leonardo Carreno
Republic Bank
The operation was for US$34.4 million, with a minimum price of $39.12 and a maximum of $39.25. During the day there were no interventions by the BCU in the exchange market.
on the blackboard of Republic Bank (BROU), the bill was quoted at $37.95 for purchase and $40.35 for sale.
Year-to-date, the coin is back 2.3% and $0.92 and continues the downward trend seen over the past year. In 2022, the dollar fell 10.4%.
In Brazil, Uruguay’s reference market in the region, the dollar operated at 5.1765, with a minimal variation compared to the previous closing.
