economy and politics

The revaluation of the peso reached 5% so far this year

Colombian peso, the second most revalued currency against the dollar

During the three days of Holy Week, the dollar in Colombia registered a drop of $75.31 and consolidated its price below $4,600.

By the way, so far in 2023 the peso has strengthened (revalued) 4.98% against the dollar. The fall in the price of the US currency reaches $139.43.

(Read: The Colombian peso, the fourth strongest currency in the world in March).

yesterday in the banking market the dollar opened operations at $4,575.20 and closed at $4,572.05, with a drop of $12 compared to Tuesday and with an average rate of $4,570.77.
The volume of operations on Wednesday reached US$1,228 million.

After the announcement of the Organization of the Petroleum Exporting Countries (Opec) plus Russia, to stop producing 1.6 million barrels per day between May and December and that caused a rise in crude oil prices and a global fall in the price of the dollar, the news has been more concentrated on the domestic front, especially related to inflation.

The Dane said that the Consumer Price Index (CPI) it rose again and stood at 13.34% in its annualized variation, the highest figure since 1999. In addition, in 2022 Colombia met the goal of the fiscal deficit, closing last year at 5.3% of the gross domestic product (GDP).

(Read: How much could the price of the dollar continue to fall and why would it happen?).

The price of a barrel of Brent oil for delivery in June ended on Wednesday in the London futures market at US$85.06, up 0.14% and the WTI closed at US$80.37, with a slight drop of about 0.3%


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