2023-05-22 14:52:05
This Monday, May 22, the dollar is trading at $4,529, which places it $4 pesos below the closing price of the last day. The quoted price with respect to the Representative Market Rate (TRM) is similar. This was established at $4,528 for the weekend and the holiday Monday.
Trading prices are between $4,545 and $4,511. The reference values for transactions in exchange houses are $4,250 for purchase and $4,400 for sale. These prices may vary depending on where you make the transaction.
What can be expected from the price of the dollar during the following week?
The average price of the dollar in recent days has been $4,540 and has presented days of high volatility. So far no upward or downward trend can be established. However, it can be affirmed that the price of the dollar during the following week will be determined by the results of the debates on the health and labor reform. The first will be approved in the coming days and the second is already facing its first debates in congress.
On the other hand, according to the analysis of La República, Markets are expected to react positively to discussions around raising the debt ceiling in Washington. Friday May 19 saw a rebound in Japanese and European stocks as part of this discussion.
Finally, the price of oil must be taken into account. The value of a barrel of this hydrocarbon was quoted at $72 dollars last week, leaving a profit of 3%. Usually in Colombia when the price of a barrel of oil increases, the Colombian peso strengthens.
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