Dollar price in Colombia today, January 5: exchange rate and value in Colombian pesos

The representative market rate established for this Thursday is equivalent to $3,927.64 for each US dollar, which represents an increase of $13.04 compared to the last day of trading on the stock market, which leaves the Colombian peso with an annual depreciation of -20.23%, considering that a year ago the North American currency was quoted at around $4,924.00. However, the foreign currency has seen a surge during the last three days bringing it close to the four thousand barrier.

Despite the above fluctuations, the Colombian peso remains one of the most revalued currencies globally and one of the fastest growing in Latin America. The currency, which opened below the trading day exchange rate this Friday and was quoted above $3,920, which may be affected by decisions taken by the United States Federal Reserve in the coming days.

How is the behavior of the dollar progressing internationally?

When The dollar continues to strengthen on the New York Stock Exchange and major European stock markets post significant gains, Asian indices closed lower. In Colombia, however, the North American currency continues to be no more than four thousand pesos.

According to Stephen Innes of SPI Asset Management, “There is a growing belief that the Fed’s rate cuts, which Over the past eight weeks, all stock market trends have been bullishStill totally tied into stock market sentiment,” he explained to AFP.

How did the dollar fare in Colombia this week?

During the last seven days, The North American currency traded at $3,822.05 and touched $3,822.05, according to reports issued by Bank of Republic. Following this behavior, Colombian exchange houses sell the currency for around $3,930 and buy for around $3,810, depending on the country of establishment and the region in which the transaction takes place. These were the dollar fluctuations during the week:

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