Colombian peso, the third most revalued currency in the world

The dollar in Colombia reached its lowest level in seven months ($4,458.87) with which the revaluation (appreciation) of the peso stood at 7.30%, behind only the Sri Lankan rupee(12.12%) and the Iraqi dinar(10.23%).

(Why the dollar keeps falling? Experts explain the reasons).

The US currency broke the floor of $4,500 and the Representative Market Rate (official dollar) this Thursday will be $4,458.87, that is, $57.89 less than what was in force this Wednesday.

As the most revalued currencies in the world, after the peso are the Mexican peso (7.12%), the Brazilian real (6.52%) and the Chilean peso (5.42%).

(The IMF warns that the US and China will drive global debt to a record.)

For Diego Gómez, an exchange market specialist at Corficolombiana, in recent months the peso has been one of the most volatile currencies in the region, “And taking into account that it was also one of the hardest hit in the last quarter of last year, it has also had room to correct part of that differential with regional peers.”

He assured that in the first quarter of the year there is usually an inflow of foreign currency to honor payment of taxes and distribution of corporate dividends and this tends to generate downward pressure on the exchange rate.

The traded volume was US$1,513 million, the highest of the year.

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