economy and politics

The price of the dollar in Colombia is falling and remains at $4,600

Dollar down, is it better to buy or wait for more falls?

This Monday, January 17, the dollar remains below the 4,700 pesos that it has been registering in the last week. For the first hours of the day, at 8:56 am, he recorded a average price of $4,661.38.

This implies a drop of 33.61 pesos compared to the TRM of the day which sits at $4,693.99. Along with this, the opening price of the day was $4,665. For now, the maximum trading price is $4,679.50 and the minimum is $4,638.00.

(Read: Dollar in the volatility scenario, what’s next for the currency?).

According to Jeisson Balaguera, economist and CEO of Values ​​AAA, the dollar currently “is fighting for two price ranges: one that is the resistance level of 5,000 pesos and another of the supports of 4,731 pesos”.

According to the expert, the volatility of the currency is explained because there has been a movement of currencies is important since multinationals and local companies that export ensure the projection of 2023 for the purchase and sale of dollars through exchange hedges.

BRIEFCASE

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