On the last day, the US dollar traded at the close at 3,769.01 Colombian pesos on average, an increase of 0.58% compared to 3,747.25 Colombian pesos on average the previous day.
Taking into account the last seven days, the US dollar accumulated an increase of 1.34% and for a year it has still accumulated a rise of 1.15%. In relation to past dates, he added four successive days in promotion. Volatility for the last week showed a clearly lower performance than the volatility shown in the last year's data, so that in this last phase there is less variation than expected.
In the annual photo, the US dollar has reached a maximum of 4,078.55 Colombian pesos on average, while its lowest level has been 3,702.75 Colombian pesos on average. The US dollar is positioned closer to its low than to its 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.
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 counterfeit.
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 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 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 coronavirus pandemic.
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