The dollar in Colombia closed the week of May 8 to 12 with losses and below the barrier of 4,600 pesos.
However, in the weekly accumulated, he ended up earning more than 70 pesos.
(See: The Ministry’s projection of when interest rates would drop).
This Friday the 12th, the currency opened at 4,590 pesos and was also traded at 4,562, 4,564, 4,578, 4,578.07 and 4,580.17 pesos.
In addition, the maximum value of the day was 4,600 pesos and the minimum, 4,534 pesos.
At the end of the day, the average trading price, which was 4,564.48 pesos, 36.67 pesos less than the Representative Market Rate (TRM) of the day, which was 4,601.15 pesos.
(See: The ACPM represents about 60% of the deficit of the Fuel Fund).
During the week, the behavior of the currency was characterized by high volatility, falling to less than 4,470 pesos and rising to more than 4,600 pesos.
However, in the end, the dollar was stronger than the peso, since in the comparison between average prices on Friday and Monday (4,490.64 pesos) the US currency ended 73.84 pesos up.
Movements of this style have been recorded since March and experts have explained that the minimum price at which you can carry the currency is 4,200 pesos.
(See: Colombia falls in the World Bank’s ‘ranking’ of logistics performance).
Some factors that could impact the price curve in the short term are associated with macroeconomic scenarios, 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: ‘King’ dollar: his economic influence and chances of being dethroned).
BRIEFCASE
