Today’s dollar in Colombia: check here the exchange rate for this May 3

The price of the US dollar in Colombia operated this Tuesday, amid greater risk aversion that led investors to seek refuge in the US currency before the Federal Reserve meeting this week, in which a rise is expected. of interest rates in the United States.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MAY 3

The price of the dollar in Colombia for this Tuesday, May 3, 2022 is 4,009 Colombian pesos, according to Reuters data.

In the previous day, at the regional level, the currencies of Latin America depreciated on Monday, due to a greater aversion to risk that led investors to seek refuge in the US currency before the meeting of the Federal Reserve this week, in which is expected to raise interest rates in the United States.

According to the Reuters agency, to this was added a drop of more than 2% in crude oil prices, due to the fact that the concern about the weak economic growth of China – the world’s largest oil importer – overshadowed the fear that the supply would be seen limited by a possible European Union ban on the entry of Russian barrels.

“A more “hawkish” stance on the part of the Federal Reserve favors the dominance of the dollar at a global level and therefore Latin American currencies depreciate,” said Andrés Cuartas, manager of international fixed income at Renta4Global.

“Similarly, agents are cautious about possible announcements of monetary policy meetings in Brazil and Chile, for which an increase of 100 basis points is expected,” he added.

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.