The dollar in Colombia maintained its downward trend this Friday and extended its losses at the end of the week.
(Revaluation of the peso sharpened since May 3).
According to the Stock Market, the foreign currency closed at an average price of $3,971That is, it lost 9 pesos against the Representative Market Rate (TRM) which was $3,980, the price at which it ended on Wednesday, before the Independence Day holiday in Colombia.
(Advice on possible price rises and economic slowdown).
The minimum trading price was $3,946 and the maximum was $3,986.
The revaluation of the Colombian peso began to sharpen as of May 3 when the Representative Market Rate reached $4,713. Since then, the strengthening of the local currency began.