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||5.86||0.0 %||Sep 04|
|Exchange Rate||3,396||-0.17 %||Sep 04|
|Stock Market||12,686||-0.66 %||Sep 04|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 18, 2019
Consumers turned more pessimistic in August, with the Fedesarrollo consumer confidence index falling to minus 11.8 from minus 5.1 in July—marking the lowest reading since November 2018.
September 13, 2019
Industrial production rose 3.5% year-on-year in July, marking the strongest increase since November 2018 and rebounding from the 1.1% drop in June, according to data released by the National Administrative Department of Statistics (DANE) on 13 September. A breakdown by industrial activity revealed that the upturn was largely driven by increased manufacture of beverages, pharmaceutical and medicinal chemical products, and paper and paper products.
September 5, 2019
Consumer prices rose 0.09% over the previous month in August, following a 0.22% month-on-month upturn in July.
September 3, 2019
Exports sank 9.9% over the same month of the previous year in July, following the 8.7% year-on-year decline in June.
September 2, 2019
Business conditions in Colombia’s manufacturing sector continued to improve in August, albeit to a lesser degree than in July.