Colombia Exchange Rate


Colombia: Colombian peso strengthens despite global volatility

November 2, 2011

On 31 October, the Colombian peso (COP) traded at 1,863 per USD, which represented a 2.8 % nominal appreciation compared to the previous month's position and marked the biggest monthly jump since April. However, on a year-on-year basis, the peso depreciated 1.7% versus the USD. The COP followed a similar pattern seen in other emerging market currencies in October as a response to improving expectations about the resolution to the Eurozone's debt crisis and strengthening local capital flows. On 28 October, the Central Bank announced that it will replace the exchange intervention mechanism in the spot market agreed in the September meeting. The new exchange intervention mechanism aims to control currency volatility by purchasing and selling up to USD 200 million in the derivatives markets if the COP fluctuates 4% above or below the 20-day moving average, which should trigger fewer interventions than previously, when the Bank had set a 2% margin above or below the 10-day moving average.


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Colombia Economic News

  • Colombia: Inflation remains steady in June

    July 5, 2018

    According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.15% over the previous month in June, a smaller rise than the 0.25% month-on-month increase in May.

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  • Colombia: PMI shoots up to two-and-a-half year high in June

    July 3, 2018

    The seasonally-adjusted Davivienda manufacturing Purchasing Managers Index (PMI) climbed to 53.0 in June, up from 51.1 in May, which marks the highest result since January 2016.

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  • Colombia: Central Bank keeps interest rate on hold in June

    June 29, 2018

    At its 29 June Board of Directors meeting, Colombia’s Central Bank (Banco de la República, BanRep) unanimously voted to maintain the benchmark interest rate at 4.25%, following a rate cut by 25 basis points at its last meeting held in April.

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  • Colombia:

    June 19, 2018

    The Fedesarollo consumer confidence index shot up to 8.9 points in May from 1.5 points in April, moving further above the zero-point threshold separating optimism from pessimism among consumers.

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  • Colombia: Industrial production records stellar expansion in April

    June 15, 2018

    According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 15 June, industrial output expanded 10.5% over the same month of the previous year in April, contrasting a revised 1.2% year-on-year contraction in March (previously reported: -1.4% year-on-year). Looking at a breakdown of the data, 34 out of the 39 industrial activities recorded an upturn, while the remaining five categories registered a decline.

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