• 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

Dollar opened higher in Colombia at COP 3,155

FinanceColombiaLa FM40 s readAI summary
Image: La FM

The dollar opened this Monday in Colombia at COP 3,155, according to the SET-FX system, up COP 10 from Friday's spot market close of COP 3,145. Most entities surveyed by Anif expect Banco de la República to raise its policy rate by 25 basis points, from 12.25% to 12.50%, amid annual inflation of 6.29%. Internationally, markets are watching a Donald Trump executive order on mortgage costs, a US$40 billion debt financing by SpaceX and expectations of rate hikes from the Bank of Japan.

In 40 seconds

  • The dollar opened at COP 3,155, COP 10 above Friday's close of COP 3,145, according to SET-FX.
  • 13 of 19 entities surveyed by Anif expect Banco de la República to move the rate from 12.25% to 12.50%.
  • Anif's survey comes amid annual inflation of 6.29%.
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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