Colombian Peso Exchange Rate Today: US Dollar Falls to Lowest Value in a Year

Friday June 9, 2023: $ 4.179,98 COP
Thursday June 8, 2023: $ 4.209,14 COP
Wednesday June 7, 2023: $ 4.245,00 COP
Tuesday June 6, 2023: $ 4.307,02 COP
Monday June 5, 2023: $ 4.355,80 COP
Sunday June 4, 2023: $ 4.355,80 COP
Saturday June 3, 2023: $ 4.355,80 COP
Friday June 2, 2023: $ 4.410,49 COP

2023-06-09 14:48:45

Today, Friday June 9, the Financial Superintendence established a Representative Market Rate equivalent to 4,179.98 pesos per US dollar. The price of the North American currency, which fell 29.16 pesos with respect to the negotiation of the previous day, registers the lowest price of the foreign currency since July 1 of last year, when the dollar reached 4,151.21 Colombian pesos. according to the historical series of the last twelve months issued by the Bank of the Republic.

With the US currency at 4,179.98 pesos, the national currency registers an annual devaluation of 10.50%, since on June 9 of last year the dollar was quoted in Colombia for a price of 3,782.65 pesos, that is, 397 .33 pesos less than the current valuation. Indeed, the fluctuation of the dollar in the last six months leaves the Colombian peso with a devaluation of -13.10% so far this year, so that it has been revalued against the US peso.

In fact, around 9:35 in the morning, the dollar had an average price of 4,149.45 pesos during currency trading, which is lower than the exchange rate set for today. Therefore, the US currency is expected to continue with the downward trend registered in recent days due to the increase in barrels of oil and the lifting of the US debt ceiling, which has caused uncertainty in the US economy.

Behavior of the dollar in Colombia, Friday June 9

Today, June 9, the dollar registered the lowest price of the week. However, during the last seven days the foreign currency did not exceed 4,411 pesosTherefore, experts warn of a revaluation of the Colombian peso against the dollar. “In the short term, we are convinced that the exchange rate can be quoted below $4,000, and that is what I mean in the coming weeks or months,” said Camilo Pérez, head of economic research at Banco de Bogotá for Valora Analytics.