• 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

Colombian peso opens weaker as dollar rises to 3,171.02 ahead of Fed decision

FinanceColombiaXTB.com30 s readAI summary
Image: XTB.com

The dollar in Colombia (USDCOP) opened higher on Wednesday at 3,171.02 pesos, a gain of about 21.87 pesos from Tuesday's close, equivalent to 0.69%. The rate sits 23 pesos above the TRM of 3,148.02 and approached 3,175 in early trading, on a day marked by the Federal Reserve's rate decision, with the market expecting rates to be held between 3.75% and 4.00%.

In 30 seconds

  • USDCOP opened at 3,171.02, up 21.87 pesos (0.69%) from Tuesday's close.
  • The rate is 23 pesos above the 3,148.02 TRM and neared 3,175 in early trading.
  • The market expects the Fed to hold rates between 3.75% and 4.00%, with attention on signals for December.
Read the full story at XTB.com

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

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