Uruguay: Dollar ticker today on March 17 (USD) to UYU

The US dollar was trading at 42.65 Uruguayan pesos at the time of opening, which was up 1.7% compared to the 41.94 Uruguayan peso the previous day.

Taking into account the last 7 days, the US dollar has increased by 0.11%, but on the contrary, it has still decreased by 1.68% over the year. It ends two negative marches in relation to the last day.Since the volatility of the last 7 days is clearly higher than the figure achieved last year (9.02%), the value changes more than the general trend.

Last year, the US dollar reached a maximum of 44.73 Uruguayan pesos and the lowest level was 41.44 Uruguayan pesos. The US dollar is closer to a low 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.

October 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 choose 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.

economic sector, 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.

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