Dollar: opening price today March 22 in Colombia

After the opening of the session, the US dollar is paid at the opening to 3,752.81 Colombian pesos on average, a decrease of 1.71% compared to the previous day's price, when it ended with 3,818.09 Colombian pesos on average.

In relation to the profitability of the last seven days, the US dollar marked a decline of 2.08%; despite this, in year-on-year terms, it still maintains a rise of 0.54%. Comparing this data with that of previous days, without managing to establish a definite trend in recent days. The volatility figure is 10.02%, which is lower than the annual volatility figure (11.96%), presenting itself as a security with fewer changes than usual recently.

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

The Colombian currency 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 having its first circulation between 1996 and 2002, however, it lost popularity because it was very easy to fake.

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 declared 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 a 3.5% increase with with respect to the last measurement.

Other analysts, such as those at BBVA, have pointed out that even the country's economy could reach 10%; growth would not stop ahead of 2023, as there is also an expected increase of 2.3%.

Among the main challenges facing 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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