Today’s dollar in Colombia: check here the exchange rate for this May 4

The price of the US dollar in Colombia operated this Wednesday, taking advantage of a correction of the dollar during the session in the run-up to the announcements that the US Federal Reserve will make regarding increases in the reference cost of money.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MAY 4

The price of the dollar in Colombia for this Wednesday, May 4, 2022 is 4,030 Colombian pesos, according to Reuters data.

In the previous day, at the regional level, most Latin American currencies closed higher on Tuesday, taking advantage of a correction of the dollar during the session in the prelude to the announcements that the US Federal Reserve will make regarding increases in the reference cost. of money.

According to the Reuters agency, the US currency fell against a basket of currencies, as investors evaluated to what extent the rate hike expected by the Fed for this week and later was already discounted.

Investors adjusted their positions ahead of the Fed’s biggest rate hike since 2000, amid a wave of monetary policy tightening by other central banks.

“Markets continue to bet on an encouraging outcome at the Fed meeting starting today, where a 50 basis point rate hike is expected, with an outward possibility of an even more aggressive move, in the fight from the US central bank to control inflation,” said Ricardo Evangelista, of ActivTrades.

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.