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 Met the why particular panel sees the peso regaining some lost ground by the end of the year but remaining relatively weak. Met the why particular 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||6.43||0.0 %||Mar 20|
|Exchange Rate||3,088||-0.17 %||Mar 20|
|Stock Market||13,328||-0.66 %||Mar 20|
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March 22, 2019
At its Board of Directors meeting held on 22 March, Colombia’s Central Bank (Banco de la República, BanRep) kept the benchmark interest rate at 4.25%, where it has been since 27 April 2018, when the Bank cut the rate by 25 basis points.
March 21, 2019
The Fedesarrollo consumer confidence index deteriorated in February, falling to minus 5.6 points from minus 2.8 points in January.
March 14, 2019
According to data released by Colombia’s National Administrative Department of Statistics (DANE) on 14 March, the industrial sector accelerated markedly at the year’s outset.
March 6, 2019
According to the National Department of Administrative Statistics (DANE), consumer prices rose 0.57% over the previous month in February, after a 0.60% month-on-month increase in January.
March 4, 2019
According to the National Department of Administrative Statistics (DANE), exports contracted again in January, although the rate of decline eased from the previous month.