.- Last Friday, September 30, the dollar in Colombia closed the day to $4,591.96 pesos on average. which represented a $59.89 increase against the Representative Market Rate (TRM), which today stands at $4,532.07.
According to the Set-FX platform, the us currency It had an opening price of $4,559.50, a low of $4,542, and a high of $4,615.50. During the day sand negotiated more than US$1,457.88 million through 1,488 transactions, reports El País.
The experts expect volatility to continuein the middle of the dollar strength worldwidel after the US Federal Reserve raised its reference rate by 75 basis points last week, leaving it at 3.25%.
The exchange rate rose after the decision of the Bank of the Republic of increase interest rate monetary policy by 100 basis points, to 10%, an increase less than what the market expected.
«Colombia is no stranger to the inflationary situation. Yesterday, the Banco de la República decided to raise the intervention rate by 100 basis points, which placed it at 10%. The financial market analystsafter the decision taken, they consider that there is still room to continue raising interest rates,” said Mauricio Acevedo, currency and derivatives strategist at Corficolombiana.
For their part, Morgan Stanley strategists Ioana Zamfir and Lucas B Almeida, rThey recommended customers to bet against the Colombian peso. Aiming for a drop in the currency to $4,755 per US dollar.
Posted by: – We appreciate your loyalty to our means of communication. We invite you to subscribe to the newsletter and activate the notifications section on the front page of our website.
Post Visitors:117