Dollar starts the week with losses, but remains above $ 4,000

After reaching its 2024 trading price peak last week, The dollar in Colombia cuts the gains obtained in previous sessions this Monday, but remains above $4,000.

(Read: Dollar in Colombia remains unstoppable: maximum price exceeded $4,200 this Friday).

According to the Stock Exchange, The currency is quoted at an average price of $4,139, that is, it falls 12 pesos compared to the Representative Market Rate (TMR) which is $4,151.

The negotiation of foreign currency in the Colombian market these days maintains a strong correlation with the price of the Mexican peso, after the election of its new president.

(See: Effects that the country’s current economic situation is having on the recent drop in the peso).

“The depreciation of the peso is due to a correction to the fall of the two previous sessions, in which the peso accumulated a depreciation of 2.76% or 50.3 cents. The appreciation occurs one day after the Bank of Mexico sent the “a sign that they are prepared to intervene in episodes of greater volatility”said the director of Economic and Financial Analysis of Banco Base, Gabriela Siller.

(Also: Dollar in Colombia: greater risk in the market takes it to the maximum).

In Mexico, The exchange rate hit a minimum of 18.21 and a maximum of 18.99 pesos per dollar, not seen since March 20, 2023. situation that led to the rise of the dollar in the Colombian market.

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