• 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 above 3,170 as markets eye Fed and Banco de la República

FinanceColombiaXTB.com40 s readAI summary
Image: XTB.com

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.

In 40 seconds

  • The dollar opened at 3,171.30 pesos, up 19.92 pesos (0.63%) from Friday and above the TRM of 3,158.43
  • The market assigns about a 90% probability that the Fed keeps rates between 3.75% and 4.00%
  • Banco de la República decides rates on Friday with a policy rate of 12.25% and annual inflation of 6.29%
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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