Exchange Rate in Colombia
Colombia - Exchange Rate
Peso plunges amid wider emerging markets selloff
On 6 September, the Colombian peso ended the day at 3,086 per USD, weakening 6.4% over the same day in August. The peso has fallen 3.4% on a year-to-date basis and 6.0% from same day last year amid a wider sell-off in emerging markets.
Argentina’s rapidly deteriorating currency crisis has weighed on the Colombian peso and the currencies of other regional players. The ongoing turmoil in the Turkish lira, the intensifying U.S.–China trade war, the U.S. Federal Reserve’s move to tighten monetary policy, and falling oil prices have also spurred a rapid sell-off in emerging market currencies.
Colombian Peso Exchange Rate Forecast
The FocusEconomics panel sees the peso regaining some lost ground by the end of the year but remaining relatively weak. FocusEconomics analysts see the peso ending 2018 at 2,906 per USD and 2019 at 2,948 per USD.
Colombia - Exchange Rate Data
|Exchange Rate (vs USD)||1,930||2,389||3,175||3,002||2,985|
5 years of economic forecasts for more than 30 economic indicators.
Colombia Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||6.69||0.0 %||Jan 14|
|Exchange Rate||3,140||-0.17 %||Jan 14|
|Stock Market||11,656||-0.66 %||Jan 14|
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January 5, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.30% over the previous month in December, after a 0.12% month-on-month increase in November.
January 3, 2019
According to the National Department of Administrative Statistics (DANE), export growth moderated in November.
January 2, 2019
Colombia’s manufacturing sector expanded at broadly the same pace in December as it did in November.
December 21, 2018
At its Board of Directors meeting on 21 December, Colombia’s Central Bank (Banco de la República, BanRep) kept the benchmark interest rate on hold at 4.25%, where it has been since 27 April when the Bank cut the rate by 25 basis points.
December 17, 2018
The Fedesarrollo consumer confidence index fell sharply in November, tumbling to minus 19.6 points from minus 1.3 points in October.