How much has the dollar fallen so far in June?

He American dollar has been a protagonist in the Colombian economy since Gustavo Petro He became president of the country in August 2022.

This is for many reasons, both international (general inflation in the world, banking crises, interest rates and war conflicts), such as national (governance of the president, risks due to reforms, energy transition and political tensions).

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However, it has been the month of June of this year in which the dollar has had its greatest relapse so far in 2023, to the point that, After the first fortnight of the month, the currency is trading below 4,200 Colombian pesos.

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

Therefore, how much has the dollar fallen so far this month? Is it going to continue with this behavior or will it just be something momentary?

(When will the dollar have a period of calm in its price).

The Representative Market Rate (TRM) of the dollar with respect to the peso, taking as reference date the 17 June 2023It is 4,145.72 weightyesis the level closest to the 4,000-peso barrier for a little less than a year, when the dollar exceeded this threshold on June 22 of last year.

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Considering this figure together with the one that the dollar had at the beginning of the month (4,434.09 pesos), it can be said that the US currency lost a total of 288.37 pesos.

It is worth noting that this figure represents, up to now, the lowest price that the dollar has had throughout the year. This is also influenced by the fact that the Colombian peso is classified as the currency that has appreciated the most in the world so far this year.

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