Investor Presentaiton
Floating exchange as a shock absorber; Central Bank intervenes
on both sides of the market to smooth out undue volatility
Currency performance vs USD since Covid-19 world outbreak
(Percent change since February 19th, as of June 16th, 2020)
Mexican Peso
Brazilian Real
Uruguayan Peso
Turkish Lira
Argentine Peso
Colombian Peso
Russian Ruble
Indian Rupee
Indonesian Rupiah
Peruvian Sol
Malaysian Ringgit
Chinese Renminbi
Singapore Dollar
New Zealand Dollar
Chilean Peso
Australian Dollar
Japanese Yen
150
13,1
100
Euro
-10
-505 10 15
20
20
25
25
Apreciation
Depreciation
Source: Bloomberg; Central Bank of Uruguay
Exchange rate and Central Bank FX intervention
Spot market interventions (in
USD millions)
Nominal exchange rate
(pesos per dollar, right axis)
Year-end market
expectation 1/
46
44.9
44
42
42
Dollar Purchases
50
40
0
-50
-100
-150
Jan-18
Aug-18
Mar-19
Dollar Sales
Oct-19
38
36
34
32
30
28
May-20
Dic-20
1/ Median expectation in Central Bank's market survey as of May 2020
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