Exchange Rate in Uruguay
Uruguay - Exchange Rate
Uruguayan peso breaks the 30.00 UYU per USD mark in January
On 4 January, the Uruguayan peso broke modern records and breached the 30.00 UYU per USD mark. By 13 January, the peso had continued its depreciatory trend unabatedly and reached 30.65 UYU per USD, marking a 3.2% monthly decrease. The figure is also 24.6% weaker than the corresponding period in 2015. The currency would have witnessed a starker depreciation,, had it not been for the central bank’s efforts to contain the depreciation of the currency.
Uruguay is not alone when it comes to currency pressures, as the recently initiated tightening cycle by the Fed has prompted a steady outflow of capital from emerging markets in the US, strengthening the USD and weakening other currencies. Prices for Uruguay’s agricultural exports, including meat and soya exports, have also fallen, further exacerbating the situation.
The weaker currency has pushed up inflation via higher imported prices, forcing the central bank to act. The Bank’s active foreign exchange reserves have fallen steadily since the beginning of December as it tries to limit volatility in the FX markets. Currently, the Bank still holds ample reserves, however protracted interventions in the FX markets could reduce the country’s fiscal buffers, thereby putting further pressure on the peso.
Panelists surveyed for this month’s LatinFocus report see the peso ending this year at 33.1 UYU per USD. Next year, the panel sees the currency trading at 34.5 UYU per USD.
Uruguay - Exchange Rate Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 21.13 | 24.37 | 29.91 | 29.33 | 28.83 |
Uruguay Exchange Rate Chart
Source: Central Bank of Uruguay.
Uruguay Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 33.08 | 0.24 % | Mar 11 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
Uruguay: Industrial output rebounds in January
March 14, 2019
Industrial production rose 1.3% year-on-year in January, swinging from a sharp 8.8% slump recorded in December.
Uruguay: Inflation ticks up in February
March 4, 2019
Consumer prices rose 1.0% from a month earlier in February, moderating from January’s 2.2% month-on-month increase.
Uruguay: Industrial output swings to contraction in December
February 11, 2019
Industrial production contracted 8.8% on an annual basis in December, compared to a modest 1.7% increase recorded in November.
Uruguay: Inflation falls in January
February 5, 2019
Consumer prices rose 2.2% from a month earlier in January, compared to December’s 0.4% month-on-month drop and marking the highest reading in 12 months.
Uruguay: Industrial output growth runs out of steam in November
January 11, 2019
Industrial production decelerated on an annual basis in November, increasing 1.7% when accounting for refinery output, down markedly from a 19.5% jump recorded in October.
© Copyright: 2019 | Uruguay Exchange Rate | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
