Today’s dollar in Colombia: check the exchange rate this May 21

The dollar price The US trade in Colombia is trading lower this Saturday, amid the partial reopening of trade in China and the possibility that this will allow the resumption of exports from the Asian giant.

The price of the dollar in Colombia for this Saturday, May 21, 2022 is 4,053 Colombian pesos, according to data from Bloomberg.

This negative rhythm of the dollar is explained by the uncertainty in the market due to the prolonged crisis in Ukraine and the volatility in prices.

However, recent announcements from Shanghai to partially open its trade, amid the covid-zero policy, has generated good expectations among investors.

According to Reuters, operators pointed out that the concern about the tightening of central banks’ monetary policies could generate a slowdown in the growth of the economy, which has turned investors away from risky assets and has led them to make sales and seek refuge in the dollar.

Markets are likely to see a short-term rebound before resuming the sell-off, which has seen Wall Street’s Nasdaq tech index lose more than 25% since the start of the year, BofA analysts wrote in a weekly strategy note. .

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