economy and politics

The dollar is back down: it has been traded for less than $4,500

The dollar is back down: it has been traded for less than $4,500

The dollar in Colombia opened the week of April 24 to 28 with losses, after several days in which He came to earn almost 100 pesos.

(See: Colombia, among the countries with the lowest growth in Latin America during 2023).

This Monday, April 24, the currency began the day at 4,507 pesos and has also been traded at 4,477.50, 4,485.35 and 4,500.88 pesos.

For now, the maximum price it has reached has been 4,514.90 pesos and the minimum, 4,470.05 pesos.

At 9:51 am, the average trading price was 4,492.69 pesos, 31.1 pesos below the Representative Market Rate (TRM), which for this Monday is 4,523.64 pesos.

(See: Where is the dollar going? Forecasts of what is coming for the currency).

During the week of April 17 to 21, the US currency behaved upwards, after a few early days of April in which He came to lose up to 145 pesos.

Experts have assured that the maximum level to which the dollar would fall would be the 4,200 pesos. However, they have clarified that volatility will be a constant in the coming days.

(See: Trade between Colombia and Venezuela totals US$70.5 million in 6 months).

Some factors that would influence the price curve, in the short term, are associated with macroeconomic scenarios, 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: Buy or sell dollars, what is recommended at this time?).

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