Price of the dollar in Colombia today, August 31 exchange rate and value in Colombian pesos

Price of the dollar in Colombia today, August 31 exchange rate and value in Colombian pesos
Price of the dollar in Colombia today, August 31 exchange rate and value in Colombian pesos

The price of the dollar in Colombia for Wednesday, August 31, 2022 rose 14.03 Pesos, corresponding to an increase of 0.32% compared to the previous day.

15.58% (593.29 Pesos) in reference to the same day of the previous year and rose 2.32% (99.86 Pesos) compared to the same day of the previous month. The minimum price of the dollar, at the moment, It has been $4,426 and the maximum reached $4,447.

Movement of the dollar in Colombia

Waiting for new inflation data, the dollar in Colombia begins the day on the rise. The latter while some commodity prices are pushing down due to the risks of recession, Brent oil prices fall to US$102.21.

At the regional level, the currencies of Latin America have registered a disparate behavior since last Thursday, while most of the regional stock exchanges show gains, with the attention of the markets focused on the speech that the president of the United States Federal Reserve, Jerome Powell, at the entity’s symposium.

According to Juan Eduardo Nates, senior foreign exchange associate at CredicorpCapital, the volatility in the US currency is due to the fluctuation in oil prices that lead the Colombian currency to overcome the barrier of $ 4,400 again.

For the analyst, the dollar may continue to rise strongly due to the drop in oil prices that supported the Colombian peso and which decreased 7% last Tuesday and another 4% this Wednesday. Likewise, there is still expectation regarding the interest rate that would be implemented in the US. to curb inflation.

Likewise, the high inflation in Europe that reached 9.1% in August, strengthens developed currencies, which will directly impact the price of currencies in the region. Reason why the Colombian peso is expected to rise between $4,450 and $4,470 during this week, and in the first weeks of September reach $4,500 and $4,528.


The article is in Spanish

Tags: Price dollar Colombia today August exchange rate Colombian pesos

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