• 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 trades at an average of $3,162.50 as the peso consolidates exchange-rate stability

FinanceColombiaDiario del Sur35 s readAI summary
Image: Diario del Sur

The U.S. currency kept a calm, low-volatility behavior on Wednesday in Colombia's currency market, with a weighted average of $3,162.50 pesos and an orderly quote against the official representative rate. Traders attributed the peso's behavior to foreign-currency inflows from foreign sales of specialty coffee and flowers, and to institutional investors' interest in medium-term local-currency sovereign debt. Abroad, expectations that central banks will keep predictable monetary policies pushed away fears of capital flight in South America.

In 35 seconds

  • The dollar traded at a weighted average of $3,162.50 in Colombian money desks.
  • Traders attribute the peso's calm to foreign currency from specialty coffee and flower exports.
  • Institutional interest in medium-term local-currency sovereign debt also plays a role.
Read the full story at Diario del Sur

IASummary generated by artificial intelligence from a story by Diario del Sur. It may contain errors: the original source prevails.

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