Dollar in Colombia closed above $4,400 on the last Friday of the year

During the last Friday of 2024, The price of the dollar in Colombia was traded above $4,400, after a strong rise of more than 20 pesos on the day.

(Read: Soat price for 2025: Superfinanciera publishes draft with new rates).

According to the Colombian Stock Exchange, The foreign currency closed at an average price of $4,401, that is, it rose 26 pesos compared to the TRM of the day, which was $4,375..

Since its opening, the foreign currency exceeded $4,400, the level at which the week ended after maintaining the intraday trading trend.

(Also: Six out of every 10 vehicles that move in the country are motorcycles).

The rise in the price of the foreign currency occurs in the midst of a mid-speed operation, taking into account the few transactions carried out by the market due to inactivity at Christmas and the proximity of the new year.

Because of this, Experts suggest markets could change direction in sessions after the end of 2024.

“It’s a quiet time of year. Institutions aren’t really trading. It’s a little more retail-driven. So what happens at the end of the year is not necessarily an indicator of what January and February will be like.”UBS Wealth Management senior portfolio manager Michael Zinn told CNBC.

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