The dollar started in April going down and was able to trade at less than $4,600

The price of the dollar in Colombia continued with the downward trend of the last days of March and in the first trading day of April 2023 recorded losses.

(See: The reasons for the recent fall in the price of the dollar in the country).

This Monday, April 3, the US currency opened in 4,630 pesos, value that was also the highest of the day.

As for the minimum price at which the currency was traded, the dollar fell below the 4,600 barrier and reached 4,592.40 pesos.

(See: How to take advantage of lower interest rates from banks).

Other prices that it had in the day were 4,596.50, 4,604.59 and 4,605.20 pesos.

In the end, the average trading price was 4,602.70 pesos, 43.38 pesos below the Representative Market Rate (TRM) of the day, which is 4,646.08 pesos.

During March, the Colombian peso, Despite the global financial crisis, it has strengthened against the US dollar, making the country’s currency one of the emerging currencies that has gained ground the most.

(See: The Bank of the Republic raised interest rates to 13%).

According to Sergio Olarte, Principal Economist at Scotiabank Colpatria, the widespread economic crisis in the world seems to have been resolved after the regulatory measures that central banks implemented by providing the necessary liquidity, thus causing the risk aversion that had been generated to have decreased significantly. important, what has once again provoked risk optimism in emerging countries, among these Colombia.

(See: The new ‘dollar’ that Argentina launched to strengthen agriculture).

And Matías Cristancho, manager of economic research and strategy at Davivienda Corredores, said that the caution shown by the government’s reforms has alleviate a little the pressures that the fiscal accounts would have and, therefore, the concern of international investors:

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