Opening value of the euro in Colombia this March 22 of EUR to COP

The euro is paid at the opening at 4,141.98 Colombian pesos on average, a decrease of 0.58% compared to the previous day's price, which was 4,166.10 Colombian pesos on average.

Over the past seven days, the euro has registered a rise of 0.47%; on the contrary, in the last year it still maintains a decline of 7.08%. Comparing this data with that of previous days, it chains two sessions in a row falling. The volatility figure is somewhat higher than that accumulated in the last year, so that the value undergoes greater changes than the general trend.

In the annual photo, the euro has even changed by a high of 4,571.70 Colombian pesos on average, while its lowest level has been 4,076.20 Colombian pesos on average. The euro is placed closer to its minimum than its maximum.

Hope for the Colombian Peso

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.

Currently there are coins of 50, 100, 200, 500 and 1 000 pesos, the latter had 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 COVID-19 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 estimated 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 respect to the last measurement.

Other analysts, such as those at BBVA, have calculated that even the country's economy could reach as high as 10%; growth would not stop by 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 as a result of the COVID-19 pandemic.

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