Monday, December 23, 2024

The dollar rose again, but remains below $4,200

The price of the dollar in Colombiacompleted a new day with increases, although slight, and remains below the barrier of 4,200 pesos.

(See: Dollar to the low: what is the minimum price it could reach?).

During this Wednesday, June 21, the currency opened and closed at 4,145 pesos and 4,140 pesos.

The maximum and minimum values that it reached during the day, for its part, were 4,174.70 pesos and 4,138.05 pesos, respectively.

(See: Political tensions: for why the dollar rose in December and is now down).

At the end of the day, the average trading price was 4,158.69 pesos, 9.51 pesos above the Market Representative Rate ( TRM) of the day, which was 4,149.18 pesos.

In the two days between the penultimate week of June 2023, the dollar accumulates two days with rises,*100023 * something that had not happened since May 25 and 26 (it had a TRM on May 26 of $4,470.83).

(See: How close is the world economy to a possible de-dollarization).

Of course, despite the recent increases, since the beginning of June, the US currency has strengthened downwards and in the last two weeks it has strengthened by less than 4,200 pesos.
* 100029*Experts have said that the price of the dollar in the coming months and until the end of 2025 could oscillate between 4,200 pesos and 5,100 pesos.

(See: Dollar in Colombia: ¿ Is it a good time to buy or sell it?).

Some factors that could impact the price curve in the short term are associated with macroeconomic scenarios, with uncertainty in internal political measures that would generate a risk country and external situations, such as new Fed measures or bearish values ​​in ‘commodities’ (oil).

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