The USD/UYU exchange rate experienced a slight increase of 0.1529, or 0.36%, closing at 42.2760 on Thursday, Stember 26, compared to 42.1231 in the previous session. This fluctuation comes as the Uruguayan Peso continues to navigate challenging market conditions.
Historically, the USD/UYU reached an all-time high of 45.94 in March 2020, highlighting significant volatility in the foreign exchange market.
Looking ahead, analysts and global macro models predict that the Uruguayan Peso will be valued at approximately 40.40 by the end of this quarter, with a potential trading level of 40.83 projected in twelve months. These forecasts indicate a cautious optimism in the peso's performance as it seeks stability in a fluctuating economic landscape.