What the TRM is and how the dollar affects Colombia's economy

FinanceColombiaPulzoOct 21, 2026, 9:10 AM40 s readAI summary

The nominal exchange rate indicates how many Colombian pesos are needed to buy one dollar, the reference currency for Colombia's trade, investment and international financing operations. Its movements reflect depreciation or appreciation of the peso: when the peso weakens, more pesos are needed per dollar, imports become more expensive and the cost of living may rise; when it strengthens, buying foreign goods becomes easier, though export products lose competitiveness. The TRM, the average of dollar purchase and sale operations by supervised entities, stands at 3,163.76 pesos per dollar.

In 40 seconds

The nominal exchange rate measures how many pesos are needed to obtain one dollar in Colombia.
Depreciation of the peso makes imports more expensive and can raise the cost of living.
Appreciation makes buying foreign goods easier but reduces the competitiveness of exports.

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

dólar
TRM
peso colombiano
importaciones
mercado cambiario

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What the TRM is and how the dollar affects Colombia's economy

In 40 seconds

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Keep reading

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

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