Exchange Rate in Colombia

Colombia Exchange Rate | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1,930  2,389  3,175  3,002  2,985  

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Colombia Exchange Rate Chart

Colombia Exchange Rate
Note: Colombian Peso (COP) per U.S. dollar.
Source: Thomson Reuters.

Colombia Facts

Bond Yield5.860.0 %Sep 04
Exchange Rate3,396-0.17 %Sep 04
Stock Market12,686-0.66 %Sep 04

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