Exchange Rate in Colombia
Colombia's exchange rate has tended to depreciate over the last decade against the U.S. dollar, largely due to persistently higher inflation in Colombia than in the U.S. In 2022, the currency plummeted due to political uncertainty over President Petro's reform agenda. The currency has since regained some ground but remains pressured by deteriorating fiscal metrics.
The exchange rate ended 2022 at COP 4,810 per USD, compared to the end-2021 value of COP 3,981 per USD and the figure a decade earlier of COP 1,927 per USD in Colombia. For more exchange rate information, visit our dedicated page.
Colombia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Colombia from 2014 to 2024.
Source: Macrobond.
Colombia Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (COP per USD, eop) | 3,433 | 3,981 | 4,810 | 3,822 | 4,409 |
| Exchange Rate (COP per USD, aop) | 3,693 | 3,743 | 4,255 | 4,325 | 4,071 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Colombian exchange rate projections for the next ten years from a panel of 38 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Colombian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Colombian exchange rate projections.
Want to get access to the full dataset of Colombian exchange rate forecasts? Send an email to info@focus-economics.com.