• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

CDTs in Colombia: yields above 13% with inflation at 6.29%

FinanceColombiaLa FM40 s readAI summary
Image: La FM

Anyone opening a CDT in Colombia today can get rates above 13%, while inflation stands at 6.29%, implying a real return of more than 6%. Omar Casas, general manager of MejorCDT, told La FM that the country is in a high-rate moment and it is unclear how long it will last, though rates will not stay high "forever." He also recommended verifying that the institution is supervised by the Financial Superintendency, covered by Fogafín and rated A or higher.

In 40 seconds

  • CDTs offer rates above 13% against inflation of 6.29%, a real return of more than 6%.
  • Omar Casas of MejorCDT says high rates will hold while inflation keeps rising, but will not be permanent.
  • Before opening a CDT he recommends checking Financial Superintendency oversight, Fogafín coverage and a risk rating of A or higher.
Read the full story at La FM

IASummary generated by artificial intelligence from a story by La FM. It may contain errors: the original source prevails.

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