The price of the dollar continues to fall in the Monex wholesale market. This Tuesday the session closed at ¢565.8, that is, ¢1 less than on Monday, and the lowest price since May 2018, according to data from the Central Bank.
The downward adjustment that the exchange rate has had is due to several factors: 1. The improvement in investor confidence after the approval of the Law on Strengthening Public Finances, 2. The decrease in international interest rates, 3. The expectation that the money coming from the Eurobonds will press the exchange rate further down,”
said Hernán Varela, Portfolio Management Manager at Banco Lafise.
In addition, in windows of financial institutions, the value of the currency averages ¢572 for sale and ¢559 for purchase.
For now, nothing points out to any situation that could cause the dollar to rise sharply before the end of the year.