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Investor Presentaiton

3 Exchange rate has appreciated and showed relative stability over the last three years, including during risk-off episodes. Currency performance vs USD, during 2022 (1) (in %) Argentine Peso Turkish Lira Colombian Peso Japanese Yen Indian Rupee Indonesian Rupiah Chinese Renminbi New Zealand Dollar Australian Dollar Euro Malaysian Ringgit Chilean Peso Singapore Dollar Russian Ruble Peruvian Sol Nominal exchange volatility in LatAm (1) (Quarterly average of absolute value of daily percent changes) 1.6 1.2 0.8 0.4 Mexican Peso Brazilian Real Uruguayan Peso -10.7 0.0 -50 50 Nominal Appreciation Nominal Depreciation (1) Source: Bloomberg. (2) Source: ECLAC, based on Bloomberg. Uruguay 2019Q1 2019Q4 2020Q3 2021Q2 2022Q1 2022Q4 19
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