What the nominal exchange rate is and how the dollar's value is calculated in Colombia

FinanceColombiaPulzoOct 29, 2026, 8:26 AM40 s readAI summary

The nominal exchange rate indicates how many Colombian pesos are needed to buy one U.S. dollar, the reference currency given its use in Colombia's trade, investment and international financing transactions. Its variations affect imports and exports: when it rises, the peso depreciates and imports become more expensive; when it falls, it appreciates and reduces exporters' competitiveness. The official reference is the TRM, the simple arithmetic average of the weighted rates of dollar-peso purchase and sale operations carried out in a day.

In 40 seconds

The nominal exchange rate shows how many pesos are needed to buy one U.S. dollar.
A rising rate depreciates the peso and makes imported goods more expensive; a falling rate makes imports cheaper but reduces exporters' competitiveness.
The TRM is the simple arithmetic average of the weighted rates of dollar-peso purchase and sale operations in a day.

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

dólar
TRM
tasa de cambio
peso colombiano
importaciones

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What the nominal exchange rate is and how the dollar's value is calculated in Colombia

In 40 seconds

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