The
US dollar is trading at 3,811.21 Colombian pesos, which means a decrease of 0.17% compared to the 3,817.59 Colombian peso the previous day.
TheUS dollar recorded a 0.13% drop compared to last week. On the other hand, it still maintains an increase of 4.18% compared to the previous year. If we compare this data with data from a past date, two consecutive sessions will end with a positive trend. The volatility of the past week shows clearly lower behavior than the volatility shown in last year's data, so there is less price movement than recent expectations.
In theannual photo, the US dollar was paid up to 4,078.55 Colombian pesos, with a minimum level of 3,731.72 Colombian pesos. The US dollar is located closer to the minimum than the maximum.
Hope for the Colombian Peso
TheColombian peso is a legal tender in Colombia, usually abbreviated as COL, and its distribution is controlled by Banco de la República de Colombia.
Currently, coins of 50, 100, 200, 500, 1,000 pesos are in circulation, the latter being in circulation for the first time between 1996 and 2002, but they have lost their popularity because they are very easy to forge.
500 pesos and 1,000 pesos of coins are bimetal to improve security and prevent them from being copied illegally. All denominations have designs that allude to the biodiversity that exists in the country: spectacled bears, flag parakeets, glass frogs, hummingbirds, among others.
Similarly, as has happened worldwide, the SARS-CoV-2 pandemic has inflicted a slight “blow” on the currency, although it is not serious enough to destabilize the currency.
Recently, the Organization for Economic Cooperation and Development (OECD) stated that the Colombian economy could grow the fastest in Latin America in 2022 after maintaining a growth forecast of gross domestic product (GDP) of more than 5.5%. This means an increase of 3.5% in relation to the last measurement.
Other analysts, such as BBVA, have calculated that even the national economy can reach up to 10%. In addition, growth will not stop until 2023, since it is expected to increase by 2.3%.
Among the adversities faced by the Colombian peso are inflation and social inequality at 5.6%, the highest in five years, as poverty also increased by 5 points as a result of the COVID-19 pandemic.
Agencies
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