This Monday, the currency closed at $4,306.95 on average, about $48.85 below the TRM, which will stand at $4,355.80 through the end of this day. These figures have not been seen since August last year.
At the moment, these data are the lowest of 2023.
President Gustavo Petro has announced via his Twitter account that there is a revaluation.
The dollar has reached 4,297 and it can be confirmed that what happened today in the course of the government is not a devaluation, but a revaluation https://t.co/wP8gGCzOz3
— Gustavo Petro (@petrogustavo) June 5, 2023
During the day, the currency reached a bottom of $4,265, a value not reported since August 11 last year. The cap for the day was $4,379. US$1.03 billion has been traded in 1,885 transactions.
The day’s behavior made the Colombian peso the most revalued currency among emerging currencies at the end of the currency price, up 1.60%, and also up 13.35% in the year this Monday.
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.
