The euro is paid when it opens at 47.20 Uruguayan pesos, which meant a 46.26 increase compared to the previous day's price when it closed at 2.02% Uruguayan pesos.
Inrelation to profitability in the last 7 days, the euro has risen by 1.25%. Nevertheless, it is still accumulating a drop of 11.53% compared to the previous year.It ends the negative streak of the two sessions compared to the previous day.The volatility figures are clearly higher than the figures accumulated last year, so they are showing more precarious behavior.
In theannual photo, the euro turned into 50.89 Uruguayan pesos and the lowest level was 45.65 Uruguayan pesos. The euro is closer to its lowest value than the maximum.
TheUruguayan currency peso
has been theofficial 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 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.
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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