Today’s dollar in Colombia: check here the exchange rate for this March 24

The price of the US dollar in Colombia operated this Thursday, in the face of a greater appetite for assets associated with raw materials, amid a new upturn in crude oil prices.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MARCH 24

The price of the dollar in Colombia for this Thursday, March 24, 2022 is 3,873 Colombian pesos, according to Reuters data.

In the previous day, at the regional level, most Latin American currency and stock markets rose on Wednesday, benefiting from a greater appetite for assets associated with raw materials, amid a new upturn in crude oil prices.

Oil prices rose 5% to more than $121 a barrel, as the halt in exports of Russian and Kazakh crude through the CPC pipeline added to concerns about global supply shortages.

“People are leaving high-quality assets for riskier ones and in this case emerging currencies are being favored”said Andrés Cuartas, manager of international fixed income at Renta4Global. “It is a lower aversion to risk and an entry of foreign agents betting on the region and the cycle of commodities in an environment of decrease in terms of supply of basic products”he added.

However, investors remain aware of the conflict in Ukraine. US President Joe Biden is expected to propose new sanctions against Russia during his trip to Europe.

Biden, who is headed to Brussels for talks with NATO and European leaders, will push Europe to reduce its dependence on Russian oil and gas, and could announce new sanctions against Russia to members of the European Parliament for the invasion of Ukraine.

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.