Colombian dollar closes at 3,156.32 pesos, analysts expect stability toward year-end

The price of the dollar in Colombia continues to fall after a week in which it lost 44.08 pesos against the Colombian peso. According to the representative market rate (TRM), it closed at 3,156.32 pesos this Monday, October 19. Analysts cite debt, interest rates and foreign currency inflows among the factors behind the move, and expect stability toward the end of the year around 3,200 pesos.