The price of the dollar in Colombia it registered losses this Thursday, May 4, and was even traded for less than 4,600 pesos.
(See: Colombia falls in the World Bank’s ‘ranking’ of logistics performance).
The currency opened at 4,620 pesos for the day and closed at 4,604.55 pesos. Its maximum price was 4,649.65 pesos and the minimum, 4,577 pesos.
At the end of the day, its average trading price was 4,616.71 pesos, 50.38 pesos less than the Representative Market Rate (TRM) of the day, which was 4,667.09 pesos.
(See: The double factor of economic uncertainty that Colombia will face).
After it skyrocketed after the ministerial crisis and it will come to be traded at more than 4,700 pesos, the dollar has been regulated and has fallen again.
Specifically, it has been affected by the recent decisions of the US Federal Reserve (Fed – central bank) to raise rates, especially since further increases are expected.
(See: When will Colombia begin to lower its interest rates?).
Likewise, at the end of April, experts had already explained that the currency will be very volatile and that some factors that could 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: ‘King’ dollar: his economic influence and chances of being dethroned).
BRIEFCASE
