What the nominal exchange rate is and how it affects the peso against the dollar

FinanceColombiaPulzoOct 28, 2026, 8:36 AM35 s readAI summary

The nominal exchange rate indicates how many Colombian pesos are needed to buy one dollar and is a key reference for the Colombian economy. When it rises, the peso depreciates and imports become more expensive; when it falls, the peso appreciates, imported goods become cheaper and exporters lose competitiveness. Official tracking is done through the TRM, the arithmetic average of the weighted buy and sell rates for dollars of authorized financial institutions, which according to the information consulted stands at 3,148.02 pesos per dollar.

In 35 seconds

The nominal exchange rate measures how many pesos are needed to buy one dollar.
If the rate rises, the peso depreciates and imports become more expensive.
If the rate falls, the peso appreciates and exporters lose competitiveness.

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

TRM
peso colombiano
dólar
tasa de cambio
importaciones

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What the nominal exchange rate is and how it affects the peso against the dollar

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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