The price of the dollar in Colombia ended the day averaging $4,458.89 on Wednesday, marking a $57.87 drop from the previous Market Representative Rate (TRM) of $4,516.76.
The opening value of the US currency was $4,470. The minimum price was $4,438, the maximum was $4,485, while the closing price was $4,458.
According to the Set-FX platform, trades worth $1,513 million were executed through 2,717 trades.
The TRM in effect for this Thursday is $4,458.87, the lowest of the year.
The currency behaved lower after annual inflation data from the United States was released, which slowed to 5%, its lowest rate since May 2021.
“The data is of great importance in the United States as the Fed continues to beat inflation,” said Alejandro Guerrero, foreign exchange officer at Credicorp Capital.
The Brent oil reference price for Colombia rose 0.61% to USD82.07, while the WTI reference price increased 0.66% to USD82.07.
Source: El heraldo

Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.