Since the euro was trading at 4,218.09 Colombian pesos at the time of its opening, it increased by 1.44% compared to the previous day's figure, with a score of 4,158.40. It was the Colombian peso.
Last week, the euro rose 3.32%; on the contrary, it maintained a decrease of 5.38% compared to the previous year. Using this figure, you can reduce the negative streak over the past two days.The volatility of the previous week is higher than the volatility accumulated last year, so the volatility is greater.
Last year, the euro was changed to 4,571.70 Colombian pesos, with a low level of 4,076.20 Colombian pesos. The euro is closer to the minimum value than the maximum.
Hope for Colombian pesos The Colombian peso is a legal tender for Colombia and is
usually abbreviated as COL, and its distribution is controlled by the Bank of Colombia.
Currently, coins of 50, 100, 200, 500, 1,000 pesos are in circulation, the latter being circulated for the first time between 1996 and 2002, but they have lost their popularity due to the ease of counterfeiting. It's there.
500 pesos and 1,000 peso coins are bimetal to increase security and prevent piracy. All denominations have designs that allude to the biodiversity that exists in the country, such as spectacle bears, flag parakeets, glass frogs and hummingbirds.
Similarly, as it happens around the world, the SARS-CoV-2 pandemic has inflicted a slight “blow” on the currency, but it is not serious enough to destabilize the currency.
Recently, the Organization for Economic Cooperation and Development (OECD) announced that the Colombian economy will be the fastest in Latin America by 2022, which is expected to grow after maintaining a gross domestic product (GDP) growth rate of more than 5.5%, which means an increase of 3.5% compared to previous measurements.
Other analysts, such as BBVA, calculate that even the national economy can reach up to 10%. In addition, it is expected to increase by 2.3%, so growth will not stop until 2023.
The main challenges facing the Colombian peso include inflation and social inequality at 5.6% for the first time in five years, as poverty also increased by 5 points after the SARS-CoV-2 pandemic.
Agencies
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