The Colombian peso is the emerging currency that has been devalued the most

And until two weeks ago, the weight comparison was disappointing dollars has been significant, as it rose almost $500 when it was announced that the Representative market interest rate (TRM) for this Friday the 6th October It costs $4,359.40 and has reached a maximum price of over $4,400. two weeks ago the dollars It amounted to $3,902.54.

He Colombian peso is found in cases of devaluation above other currencies such as the Mexican peso (-6.51%) and the Brazilian real (-5.78%).

“We have a dollar that remains very strong at some point, partly explained by the dollar’s final position fed in which it maintains its rough stance of more rate hikes this year, adding oil which has been falling lately; the last decline was 5% in his two benchmarks, and that puts pressure on the dollar to rise,” he says. Alejandro GuerreroCurrency exchange clerk Credicorp Capital.

Source: El heraldo

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