Today’s dollar in Colombia: check here the exchange rate for this March 22

The price of the US dollar in Colombia operated this Tuesday, after a day without changes due to a local holiday, and while there was a new increase in oil prices due to sanctions against Russia, but investors aim to remain cautious in the midst of a upsurge of hostility between Moscow and Washington.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MARCH 22

The price of the dollar in Colombia for this Tuesday, March 22, 2022 is 3,793 Colombian pesos, according to data from Bloomberg.

In the previous day, Latin American stock markets and currency markets closed with gains against the dollar on Monday, driven by a new increase in oil prices in the face of sanctions against Russia, but investors aim to remain cautious amid a resurgence of hostility between Moscow and Washington.

According to the Reuters agency, crude oil prices rose more than 7% and Brent, the world reference, exceeded US$ 115 per barrel, while the countries of the European Union disagreed on whether to join the United States in an oil embargo to Russia.

“It’s a scenario that would exacerbate ongoing supply problems and likely trigger a further spike in oil prices.”said Ricardo Evangelista, senior analyst at ActivTrades.

To this was added the increase in prices in other raw materials due to concerns about supplies from Russia.

Agents were operating cautiously, however, after Russia reported Monday that it had summoned US Ambassador John Sullivan to tell him that US President Joe Biden’s remarks about Vladimir Putin had brought bilateral ties to the brink of collapse. collapse, putting more pressure on the conflict in Ukraine.

“Diplomatic talks between Russia and Ukraine will continue to be one of the main drivers of the market this week”noted Pierre Veyret of ActivTrades.

In addition, investors digested comments from Federal Reserve Chairman Jerome Powell that the US central bank must act quickly to control inflation that is too high and that the entity could apply higher-than-usual interest rate hikes be necessary.

MAXIMUM AND MINIMUM QUOTATION OF THE DOLLAR IN COLOMBIA IN 2021

In 2021, the US dollar was exchanged at a maximum of 4,033.25 Colombian pesos, while its lowest level was 3,412.80.