The dollar in Colombia, down and with prices below $4,130

The dollar in Colombia continue the downward path and their negotiations are consolidated below the barrier of 4,200 pesos.

(See: Dollar in Colombia: is it a good time to buy or sell it?).

This Friday, June 16, at the end of the week, the currency opened at 4,151 and the maximum price it has registered has been 4,162.90.

Its behavior, however, has been directed downwards, with values ​​below 4,150 and 4,130 pesos: 4,128, 4,139, 4,141 and 4,146 pesos.

(See: Why is the Colombian peso such a volatile currency?).

For now, its lowest price of the day was 4,122.50 pesos.

At 9:40 am, the average trading price was 4,143.31 pesos, 21.35 pesos less than the Representative Market Rate (TRM) of the day, which is 4,164.66 pesos.

Although it reached maximum prices above 4,200 pesos, during the week of June 13 to 16, the dollar has always been below that barrier in its average value.

(See: Colombian peso, the most appreciated currency so far in 2023).

Experts have said that the price of the dollar in the coming months and until the end of 2025 could range between 4,200 pesos and 5,100 pesos.

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: The dollar in Colombia: falls, rises and what is coming for the currency).

Regarding the Fed, the US Federal Reserve decided, this Wednesday, June 14, to maintain stable rates between 5% and 5.25%, which would have a direct effect on the price of the dollar.

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