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Dollar exchange rate rises ¢ 3

June 29, 2017 by Staff News Writer

The dollar exchange rate registered an average increase of ¢3 at the windows of commercial banks in the country on Thursday.

During the last two trading days, the Central Bank intervened in the Foreign Currency market (Monex) with the sale of $56 million, as a measure to avoid abrupt fluctuation of the exchange rate.

Despite the authority’s participation, the exchange rate registered an increase of ¢4, compared to the close of Tuesday.

The average transaction in Monex of those two days amounted to $ 43.8 million, an amount that exceeds in almost 3 times the average daily volume traded in this market in the last 12 months.

Since May, the Central Bank has had to resort to a series of exchange rate policy tools to avoid violent variations in the price of the dollar.

crhoy.com

Related articles:

  1. Exchange rate stabilizes
  2. Central Bank intervenes to curb rising dollar
  3. Dollar goes over ¢ 600 for the first time
  4. Central Bank intervened with $4.9 million to stabilize dollar market
  5. The dollar exchange rate increased in February
  6. Central Bank could remove the exchange rate bands to control the dollar, says economist

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