• 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 ends the week nearly flat in Colombia: TRM at COP 3,158.43 and spot at COP 3,145

FinanceColombiaEl Espectador40 s readAI summary
Image: El Espectador

The dollar ended the week almost where it started in Colombia. The TRM moved from COP 3,156.46 on Monday, October 19, to COP 3,158.43 on Friday, October 23, a rise of COP 1.97, and never exceeded COP 3,200. In the spot market the decline was nearly COP 13, to COP 3,145. High oil prices, domestic fiscal uncertainty, global risk aversion and the Banco de la República's 12.25% rate explain the behavior, according to the analysts cited.

In 40 seconds

  • The TRM rose COP 1.97 during the week, from COP 3,156.46 to COP 3,158.43, and never exceeded COP 3,200.
  • In the spot market the dollar fell nearly COP 13, from COP 3,157.91 on Monday to COP 3,145 on Friday.
  • Brent traded between USD 113 and USD 115 per barrel and the peso acted as a "mirror of oil," according to Felipe Campos.
Read the full story at El Espectador

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

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