Today’s dollar in Colombia: check here the exchange rate for this Friday, June 17, 2022

The price of the US dollar in Colombia is stable this Friday, after a short-lived recovery the previous day, due to risk aversion derived from growing fears of an economic recession amid strong inflationary pressures.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS JUNE 17

The price of the dollar in Colombia for this Friday, June 17, 2022 is 3,898 Colombian pesos, and in the stock market the benchmark MSCI COLCAP index rose 0.66% to 1,473.19 points.

At the regional level, most stock and exchange markets in Latin America closed with losses on Thursday, after a short-lived recovery the previous day, due to risk aversion derived from growing fears of an economic recession amid strong inflationary pressures.

According to the Reuters agency, the monetary authorities in Europe raised interest rates on Thursday, in some cases at levels that surprised the markets such as the case of the Swiss National Bank and the Hungarian National Bank, and hinted that the cost of Loans will go up even higher to control rampant inflation that erodes savings and cuts corporate profits.

“Traders gave up their initial optimism over comments from Fed Chairman Jerome Powell that large rate hikes will not be the norm,” said a report from the Bogota-based Acciones y Valores brokerage.

“Renewed concerns about the impact of monetary tightening on economic output and declining asset valuations pushed the dollar higher again for the sixth time in seven days,” it 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.