• 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
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Dollar holds below COP 3,200, with budget and Fed as key drivers

FinanceColombiaEl Espectador45 s readAI summary
Image: El Espectador

The dollar in Colombia remains below COP 3,200, according to El Espectador. Local factors include the 2027 General Budget, whose amount stands at COP 634.9 trillion after the first-debate text was applied, and the Banco de la República's rate decision on October 30, with the rate at 12.25%. Abroad, September US inflation (3.7% annual), expectations around the Fed and oil prices weigh in. The currency closed at COP 3,183.80 after touching COP 3,214.

In 45 seconds

  • The dollar remains below COP 3,200 and closed at COP 3,183.80 after touching COP 3,214 during the session.
  • The 2027 budget stands at COP 634.9 trillion: the first-debate text will apply and plenary adjustments are dropped, including COP 3 trillion for health and COP 6.5 trillion for pensions.
  • US inflation rose to 3.7% annual in September and the probability of a Fed hike in October jumped from about 22% to around 50%.
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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