The dollar began trading on October 27 at COP 3,145, COP 12 below the COP 3,157 TRM set by the SuperFinanciera for today. In the first minutes the currency showed volatile behavior, with a maximum price of COP 3,145, a minimum of COP 3,135 and an average of COP 3,141. Volume traded so far stands at 1,000 million. Globally, the dollar index was down 0.18%, to 70.905 units.
The dollar in Colombia opened this Tuesday, October 27, 2026, at COP 3,135.20, COP 22.74 below the day's TRM of COP 3,157.94. In early trading the currency hit a low of COP 3,111 and a high of COP 3,145. The TRM fell just COP 0.49 from Monday, October 26. So far in 2026 the dollar has lost COP 599.14, or 15.95% of its value.
The nominal exchange rate indicates how many pesos are needed to buy one dollar and is a central indicator for understanding Colombia's economic position. According to Noticiero 90 Minutos, a depreciation of the peso makes imported goods more expensive, while an appreciation lowers import costs but reduces exporters' competitiveness. The TRM, the simple arithmetic average of the day's weighted dollar purchase and sale rates among authorized entities, stands at 3,157.94 pesos per dollar.
The dollar opened lower in Colombia on Tuesday at 3,135.20 pesos, a difference of 22.74 pesos from the day's TRM of 3,157.94. During the opening it recorded a low of 3,111 and a high of 3,145, with 4 transactions worth US$1,250. The session comes in a week marked by monetary policy decisions from the Federal Reserve, the European Central Bank and the Bank of Japan, and by earnings from large tech companies including Alphabet, Microsoft and Amazon.
The TRM in force this Tuesday, October 27, 2026, stands at COP 3,157.94 per dollar, according to the Financial Superintendence, a decrease of COP 0.49 (0.02%) from Monday, October 26, when it was COP 3,158.43. At exchange houses, Cartagena records the highest buy price at COP 3,750 per dollar and the widest spread at COP 230; Medellín shows the lowest sell price at COP 3,180, and Cúcuta the smallest difference between buy and sell at COP 40.
After his reelection in Brazil, Luiz Inácio Lula da Silva expressed his willingness to strengthen relations with Colombia and to work on security, the economy and environmental protection. The exchange of messages with Colombian President Abelardo de la Espriella came after Lula defeated Flávio Bolsonaro in the runoff with 51.79% of valid votes against 48.21%. Both leaders agreed that ideological differences should not hinder the bilateral relationship.
Dane's Economic Monitoring Indicator (ISE) shows Colombia's economy went from growing 4.28% in May to a 0.04% contraction in August 2026, after growing 3.43% in June and 1.06% in July. On a seasonally adjusted basis, the ISE fell 3.11% from July. Experts attribute part of the August result to the August 10 earthquake, which affected 16 departments and more than 400 municipalities, and to the start of public spending adjustment. Unemployment rose to 9.4%.
Krelo Energy, Grupo Promigas' renewables platform created after acquiring 100% of Zelestra's Latin American operations for about 1.1 billion dollars, presented its 2030 plan at Future Energy Summit Colombia. The company expects 3,500 MW operating in the region, of which between 700 and 800 MW will be in Colombia. It includes a new 100 MW solar park in the country's north and a 600 MW greenfield pipeline with storage potential.
The Banco de la República board meets on Friday, October 30, to set the benchmark rate, currently at 12.25%. In the Anif survey, 68.4% of analysts expect a 25-basis-point hike to 12.50%, while 31.6% foresee a pause. Annual inflation accelerated to 6.29% in September, 229 basis points above the upper limit of the target range. Bancolombia projects the hike; Corficolombiana expects the rate to hold and forecasts a final increase in December.
An analysis published by Diario del Sur suggests that financing through the IMF would cost close to 3.7% a year, compared with 6.6% for Colombian sovereign bonds in dollars. The estimate includes an SDR base rate of about 3.1% plus a 60 basis point margin. On a hypothetical $1 billion one-year loan, the simple interest difference would be around $29 million. The text warns that the rates are estimates and that an agreement could include fiscal adjustment commitments.
BBVA Spark, BBVA's arm offering debt solutions and financial services to startups, scaleups and venture capital funds, granted 37.45 billion Colombian pesos (about 11.9 million dollars) to Bold, a fintech that manages loans for micro, small and medium-sized companies. The deal, announced on October 23, consisted of a secured senior loan that expands Bold's financing capacity and facilitates its access to working capital. Cuatrecasas - Bogotá advised Bold and Philippi Prietocarrizosa Ferrero Du & Uría advised BBVA Spark.
The dollar in Colombia fell 15 pesos on Monday and closed at 3,145, its lowest value of the day, with an average price of 3,156.99 and a high of 3,179.75. The session recorded a volume of US$1,197 million across 1,552 transactions, with a previous market representative rate of 3,157.57. The decline came despite the currency opening higher, in a session marked by the Finance Ministry's sovereign bond issuance in dollars and a nearly flat DXY index around 101.65.
Banco de la República could raise its benchmark interest rate again at next Friday's meeting to control inflationary pressures. According to a Reuters poll published Monday, 17 of 31 analysts expect a 25-basis-point hike to 12.50%; 13 expect it to stay at 12.25% and one projects a 75-basis-point increase to 13%. Concerns include the slower decline in inflation expectations, the effects of El Niño on food prices, a possible depreciation of the peso and delays in fiscal adjustment.
The dollar closed Monday, October 26, with a slight decline in Colombia. According to Bolsa de Valores de Colombia data, the currency averaged $3,157.56, below the TRM in force, with lows of $3,130 and highs of $3,179.75. The move comes as Brent trades above US$110 and ahead of the Banco de la República board meeting on Friday, October 30, where analysts expect another interest rate hike from the current 12.25%.
The dollar in Colombia opened this Monday, October 26, 2026, at 3,155 pesos and closed at 3,130 pesos, a drop of 25 pesos, according to Banco de la República monitoring. The Market Average Rate stood at 3,157.567 pesos, with a movement of around 1,197.737 million dollars. The Representative Market Rate started the session at 3,158.43 pesos, below Friday, October 23.
AIFI26 Colombia will take place on October 27 at the Grand Hyatt Hotel in Bogotá, with the participation of executives from banking, fintech and technology companies. The agenda includes autonomous artificial intelligence agents, instant payments and interoperability with Bre-B as a reference, and the evolution of the financial system toward 2030. It will also address the challenges of scaling AI: security, technology architecture, data management and specialized talent.
Air-e users in Barranquilla face a new increase in their electricity bills: since November the kilowatt has gone from $873 to $936, a 7% rise that exceeds the country's annual inflation. The adjustment is already reflected in November bills and, according to the Public Utilities Users League, equals a full year of inflation. Users also point to CREG fines for exceeding the established consumption.
Credicorp estimates the dollar will close the year at 3,250 pesos, near the market consensus of 3,258, and that in 2027 it will range between 3,519 and 3,600. The Colombian peso has accumulated an 18% appreciation so far this year, compared with 8.6% for the Brazilian real. The firm attributes the behavior to external factors, such as the Fed's rate hike, and local ones, such as the reduction in the risk premium and the risk of the El Niño phenomenon.
The U.S. dollar closed the October 26 session in Colombia at COP 3,130, a COP 28 reduction from the COP 3,158 TRM set by the Financial Superintendency. The session opened at COP 3,155, with a high of COP 3,179 and a low of COP 3,130, and an average price near COP 3,157. About USD 1.197 billion was traded, with an average transaction volume of USD 771 million.
The dollar in Colombia opened Monday at 3,171.30 pesos, up 19.92 pesos (0.63%) from Friday's close and above the TRM of 3,158.43, though it pared part of the gain toward 3,163. The week is marked by the Fed's decision on Wednesday, with about a 90% probability of keeping rates between 3.75% and 4.00%, and by Banco de la República's decision on Friday, with a policy rate of 12.25% and annual inflation of 6.29%. The government announced it will present the Fiscal Rescue Law.
