Today’s dollar in Colombia: check here the exchange rate for this May 11

The price of the US dollar in Colombia traded this Wednesday, amid an advance in the regional markets, which recovered part of the heavy losses of the day before, while the stock markets had disparate closings.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS MAY 11

The price of the dollar in Colombia for this Wednesday, May 11, 2022 is 4,078 Colombian pesos, according to Reuters data.

In the previous day, at the regional level, most of the beaten Latin American currencies took a break on Tuesday and closed with gains, recovering part of the heavy losses of the day before, while the stock markets had disparate closings.

According to the Reuters agency, the instability of the world economy kept investor confidence fragile and the dollar continued to be seen as a refuge.

The dollar rose on Tuesday, after fluctuating between modest gains and losses near a two-decade high, ahead of a key inflation reading that could provide clues about the direction of the Federal Reserve’s monetary policy.

The market will closely watch the April consumer price index reading on Wednesday for any signs that inflation may be starting to cool, with expectations for an 8.1% annual rise compared to 8, March 5th.

“It’s the lull before the inflation data … so this allows some breathing space for risk assets,” said Joe Manimbo, senior market analyst at Western Union Business Solutions.

“The war between Russia and Ukraine, together with the quarantines in China, have greatly damaged supply chains, generating inflation, driving the dollar higher,” Luis Alberto Reyes, an analyst at Mercados G, said in a statement.

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.