The price of the dollar in Colombia changes course and is close to $4,200

After a beginning of July in which the dollar traded at a loss and almost fell below the barrier of 4,100 pesos, this Thursday, July 6, he changed course and traded higher.

(See: Reasons why the current price of the dollar favors the economy).

The currency opened at 4,150 pesos and throughout the day there were no values ​​even close to the Representative Market Rate (TRM) of the day, which was 4,128.08 pesos.

Other prices at which it was negotiated were 4,179.53, 4,182.76, 4,220, 4,222.05, 4,223 and 4,226 pesos.

The maximum price it had during the day was 4,239.90 and the minimum, 4,147 pesos.

(See: Dollar: pros and cons of its volatility in the first semester).

In the end, the average trading price was 4,195.91 pesos, 67.83 pesos above the TRM.

After experiencing a very strong start to 2023 and with prices around 5,000 pesos, in June the currency collapsed and it had values ​​of less than 4,100 pesos (something that had not lived since the first semester of 2022).

Thus, during the first semester, the peso appreciated 13.15% against the dollar.

(See: Investing in dollars: what are the risks with the currency).

Already at the beginning of the second semester of the year, the currency maintains the same volatile behavior, which, according to experts, It can positively and negatively influence the economy of a country. taking into account the conditions in which the market is found.

In addition, it has also been explained that the price of the North American currency, in the coming months and until the end of 2025, could range between 4,200 pesos and 5,100 pesos.

In the Colombian case, the Minister of Finance, Ricardo Bonilla, He has pointed out that the current level of the price of the US currency may have a favorable effect on economic matters. This considering the impact of the exchange rate on the amount of debt and inflation.

(See: Analysis: Is the Colombian economy improving or at what point is it?).

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