2023-05-08 14:02:15
After overcoming the barrier of the 4.700 pesos, he dollar in Colombia It returned to the path of losses in recent days and, this Monday, May 8, 2023, it is trading for less than 4,500 pesos.
(See: Due to fuels and agriculture, the country’s exports contract).
The currency began the second week of May with a well-marked bearish trend: it opened at 4.509,80 pesos (the maximum value it has ever had) and, for now, it has only had lower values.
Other prices at which it has been negotiated have been 4,466 (the minimum of the day, for now), 4,470, 4,471.65, 4,482, 4,482.62 and 4,484 pesos.
(See: Colombia falls in the World Bank’s ‘ranking’ of logistics performance).
And at 8:45 am, the average trading price was 4,482.73 pesos, 69.83 pesos less than the Representative Market Rate (TRM) of the day, which is 4,552.56.
Between March and so far in May 2023, the dollar has behaved very volatilely, with very pronounced rises and falls.
(See: The double factor of economic uncertainty that Colombia will face).
Experts have explained that the minimum price at which you can carry the currency is 4,200 pesos and that some factors that might impact the price curve in the short term are associated with macroeconomic scenarios, uncertainty in domestic political measures that would generate country risk, and external situations, such as new Fed measures or bearish values in ‘commodities’ (Petroleum).
(See: When will Colombia begin to lower its interest rates?).
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