2023-05-17 19:41:15
The price of the dollar in Colombia started on wednesday with uptrend and it was strengthened above the barrier of 4,500 pesos. However, he took another course and had a surprise descent.
(See: What was the impact of the rate hike on GDP in the first quarter?).
The currency opened the day at 4,544.99 and was traded at 4,530, 4,546.92, 4,547.19, 4,549.50 and 4,549.80 pesos. But it also went down and closed at 4,491.50 pesos.
The maximum and minimum prices were 4,559 pesos and 4,488.10 pesos, respectively.
In the end, the currency traded on average at 4,528.37 pesos, 3.21 pesos below the Representative Market Rate (TRM) of the day, which was 4,531.58 pesos.
(See: Industry and commerce close the first quarter down).
For the second day in a row, the US currency was strengthening. El Monday, May 15, had had a sharp drop of more than 50 pesos and it was negotiated for less than 4,500 pesos. On Tuesday it went up and this Wednesday it was on that path, although everything changed
Since the end of March, the currency has been very volatile, with pronounced rises and falls: its price has been reduced to less than 4,470 pesos, but it has also reached 4,700 pesos.
(See: The ACPM represents regarding 60% of the deficit of the Fuel Fund).
Experts have explained that the minimum price at which you can carry the currency is 4,200 pesos.
Some factors that might impact the price curve in the short term are associated with macroeconomic scenarios, to uncertainty in internal political measures that would generate a country risk and to external situations, such as new measures by the Fed or bearish values in ‘commodities’ (oil).
(See: The Ministry’s projection of when interest rates would drop).
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