The dollar in Colombia traded again above 4,900 pesos

In just two days of operations in 2023, the dollar in Colombia it has left behind the losses of the last days of 2022 and has established itself above 4,800 pesos. And it was even negotiated above 4,900 pesos.

(See: This would be the Government’s austerity plan to save in 2023).

This Tuesday, January 3, the currency began to rise and opened at 4,839 pesos. Other prices that he registered were 4,827, 4,832.20, 4,866 and 4,900 pesos.

It’s more, the maximum value of the day was 4,903.65 pesos and the minimum, 4,811 pesos.

(See: Colombia closes the year with a drop in consumer confidence).

At the end of the day, the average trading price was 4,843.58 pesos, 33.38 weightsos above the Representative Market Rate (TRM) of the day, which is 4,810.20 pesos.

Facing the year that has just begun, the Government Financial Plan indicates that the dollar it would remain in a range between 4,700 and 4,800 pesos. This is linked to an average price of oil that would be at 94.2 dollars compared to the 100 dollars that are expected this year.

(See: Government projects inflation of 7.2% and growth of 1.3% for 2023).

The exchange rate by the end of 2023 would be, according to Bancolombia, at $4,915; BBVA, at $4,820; Bank of Bogota, at $5,000; Citibank, in $4,523, in Scotiabank Colpatria, at $4,750; Corficolombian, at $4,648; Davivienda, at $4,850; and Itau Colombia, at $4,900.

(See: The country’s debt is $852.8 trillion, which represents 62.6% of GDP).

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