economy and politics

Dollar price remains unstoppable: it has already traded above $4,700

Price of the dollar in Colombia is once again below $4,400

The dollar in Colombia remains unstoppable. This Tuesday, after the festive bridge, the US currency reaches a new historical average price. In addition, it also exceeds its intraday maximum price.

(Deficit, uncertainty and Fed, the cocktail that erodes the peso).

At 9:10 am, the foreign currency traded on average at $4,692, that is, it rose 52 pesos against the TRM of the day, which is $4,636.83.

(Dollar skyrocketed, reached the third highest record in Colombia).

At 9:43 am, its average trading price was 4,704.84 pesos, 68.01 pesos above the TRM. Y at 10:04 am trading was reached at 4,715.75.

After 11:15 am, it registered an average trading price of $4,730.13. Then at 11:40 am, it was quoted on average at $4,737.45 and at 12:57 pm at $4,746.82.

According to the Stock Exchange, the foreign currency reported an opening price of $4,685 and has so far reached a maximum price of $4,794, its maximum intraday in history. For its part, the minimum price is $4,665.20.

The combination of economic, international and local geopolitical factors have caused the dollar in Colombia to record new highs.

(The reasons that led the dollar to the highest price in history).

During 2022 the dollar in Colombia has risen around $700, amid the scenario of a possible global economic recession that could affect Colombia, the almost certain rise in interest rates in the United States to combat inflation and the persistent war in Ukraine that affects the prices of various inputs remain the main factors international situation for the dollar market.

In addition, there are economic and political elements in Colombia that, according to analysts, contribute uncertainty in the dollar market.

BRIEFCASE

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