Exchange Rate in Colombia
Colombia - Exchange Rate
Rand gains ground in July
The rand strengthened in recent weeks, thanks to favorable developments on the global stage. On 12 July, the rand traded at 14.03 per USD, marking a 5.6% appreciation from its value on the same day in June. The rand was also up 2.5% year-to-date but was down 5.1% over the same month of the previous year.
At the beginning of July, the rand clawed back some of its losses after falling on the release of worse-than-feared first-quarter national accounts in early June and the South African Reserve Bank’s changed rate outlook, indicating a rate cut by the end of Q1 2020. The rand climbed on the prospect of the ECB loosening its stance, indicated by President Mario Draghi’s recent remarks that a deterioration in economic conditions would prompt more stimulus; the U.S. Federal Reserve maintaining a dovish tone; and signs of progress in negotiations between the U.S. and China to resolve the ongoing trade dispute.
Panelists participating in the LatinFocus Consensus Forecast project that the rand will end 2019 at 14.72 per USD and 2020 at 14.47 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||5.90||0.0 %||Jul 11|
|Exchange Rate||3,199||-0.17 %||Jul 11|
|Stock Market||13,005||-0.66 %||Jul 11|
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July 15, 2019
The rand strengthened in recent weeks, thanks to favorable developments on the global stage.
July 5, 2019
Consumer prices rose 0.27% over the previous month in June, following a 0.31% month-on-month increase in May.
July 5, 2019
The Colombian peso strengthened in recent weeks, thanks to higher oil prices and a weaker U.S. dollar.
July 3, 2019
Exports rose 1.2% over the same month of the previous month in May, following the 2.2% year-on-year rise in April.
July 2, 2019
Business conditions in Colombia’s manufacturing sector deteriorated in June.