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Nominal Exchange depreciation in line with other Emerging Markets Nominal Exchange Rate (pesos per USD; daily) 34 34 33 33 32 31 30 50 20 29 28 27 24 Emerging Market Currencies vs USD (2018 YTD change as of 10/30, in %) Argentine Peso Turkish Lira Indian Rupee Uruguayan Peso Russian Ruble 14.3: Chilean Peso Brazilian Real Indonesian Rupiah Colombian Peso Peruvian Sol Singapore Dollar Mexican Peso Malaysian Ringgit Depreciation against USD 25 Apr-16 Oct-16 Apr-17 Oct-17 Apr-18 Oct-18 26 26 Source: Central Bank of Uruguay Source: Bloomberg T T T 0 20 20 40 40 60 60 80 60 100 120 28

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