The price of dollar It has been a trend in recent days due to its increase. In Colombia, punctually, the currency has achieved historical figures and has positioned itself above the 4,000 pesos… far.
(See: So are pennies on the dollar that can be worth up to $800 million).
In this episode of Economicast, Juan Eduardo Nates, senior foreign exchange associate at Credicorp Capital, spoke about the current situation of the dollar.
(See: Is it possible that the dollar reaches 5,000? This is what experts say).
The expert explained the reasons for the rise, the countries that are ‘suffering’ with the strengthening of the dollar in addition to Colombia and recalled that the price increase comes from long ago.
(See: Why the dollar is the world’s reference currency and how it was decided).
He also explained the real incidence of the presidential election of Gustavo Petro in the bullish streak, he analyzed Iván Duque’s legacy in terms of US currency and counted, in his opinion, if it is possible for the dollar to drop to prices like 2,500 or 3,000 pesos.
(See: The effects that the price parity between the dollar and the euro would have).
Regarding the latter, the expert explained that he expects the dollar to maintain a more or less high price for the next year, year and a half and that the lowest it would go back to would be 3,500 pesos.
(See: Is the bullish streak of the dollar due to the current political situation in the country?).
To learn more of Nates’ explanation, listen to the Economicast episode.
(See: Options to save in dollars and combat the depreciation of the peso)
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