Colombia: closing price of the dollar today, March 11 of USD to COP

The US dollar was paid at the close at 3,812.01 Colombian pesos, which represented a rise of 1.93% compared to 3,739.75 Colombian pesos the previous day.

In the last week, the US dollar recorded a decline of 0.37%; despite this, in year-on-year terms, it still accumulated a rise of 2.74%. If we compare the value with past dates, with this figure he interrupted the negative streak that he marked in the previous two days. With reference to the volatility of the last week, it presented a balance that was significantly higher than the volatility shown in the last year's figures, indicating that the value underwent greater changes than the general trend.

In the annual photo, the US dollar has changed by a high of 4,078.55 Colombian pesos, while its lowest level has been 3,731.72 Colombian pesos. The US dollar is closer to its minimum value than to the maximum.

The Colombian peso is the legal tender in Colombia, it is usually abbreviated as COL and its circulation is controlled by the Banco de la República de Colombia.

There are currently coins of 50, 100, 200, 500 and 1 000 pesos in circulation, the latter had its first circulation between 1996 and 2002, however, it lost acceptance because it was very easy to distort.

The coins of 500 and 1,000 pesos are bimetallic, to improve their security and prevent them from being illegally replicated; while all denominations have designs that allude to the biodiversity that exists in the country, including the spectacled bear, the flag macaw, the glass frog, the loggerhead turtle, among others.

Similarly, and as has happened globally, the SARS-CoV-2 pandemic has also dealt some “blows” to the currency, although not severe enough to destabilize it.

Recently, the Organization for Economic Cooperation and Development (OECD) has established that the Colombian economy could be the fastest growing in Latin America in 2022, after it maintains a forecast of growth in its Gross Domestic Product (GDP) of at least 5.5 percent, which means an increase of 3.5% with with respect to the last measurement.

Other analysts, such as those at BBVA, have said that even the country's economy could reach as high as 10%; growth would not stop ahead of 2023, as it is also expected that there will be a 2.3% increase.

Among the adversities faced by the Colombian peso are inflation of 5.6 percent, the highest in five years, as well as social inequality, as poverty also rose by five points following the SARS-CoV-2 pandemic.

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