The euro is paid at the opening at 4,197.05 Colombian pesos on average, which represented an increase of 0.67% compared to 4,168.99 Colombian pesos on average the previous day.
If we consider the data for the last week, the euro has registered a rise of 4.66%; on the contrary, for a year now it has still fallen by 3.15%. Compared to previous days, it accumulates four successive days in positive values. Volatility for the last week shows a manifestly higher return than the volatility shown in the last year's data, so it shows greater variations than the general trend in value.
In the last year, the euro has changed by a high of 4,571.70 Colombian pesos on average, while its lowest level has been 3,978.80 Colombian pesos on average. The euro is positioned closer to its low than 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.
There are currently coins of 50, 100, 200, 500 and 1 000 pesos in circulation, the latter had its first circulation between 1996 and 2002, however, it lost acceptance because it was very easy to distort.
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 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 following the SARS-CoV-2 pandemic.
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