Today’s dollar in Colombia: check here the exchange rate for this Friday, June 24, 2022

The price of the US dollar in Colombia is trading higher this Friday, amid market and investor concerns about a possible further slowdown in the world economy that could enter a recession.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS JUNE 24

The price of the dollar in Colombia for this Friday, June 24, 2022 is 4,099 Colombian pesos, according to data from the Bloomberg agency.

Regionally, most Latin American currencies and stocks were trading at a loss on Thursday, amid market and investor concerns about a possible further slowdown in the global economy that could slip into recession.

“The continuous rises in interest rates to curb inflation have put an additional obstacle to the recovery of the economy and there is already open talk about the possibility of a global recession, which increases the nervousness of the markets,” said a operator.

According to the Reuters agency, the day before, the president of the United States Federal Reserve (Fed), Jerome Powell, indicated that the entity is fully committed to controlling prices, even if doing so risks facing an economic recession.

“We are not trying to cause, and I don’t think we need to cause, a recession,” Powell said at a hearing before the Senate Banking Committee, although he acknowledged that a recession was “certainly a possibility” and the events of the last few months in the world have made it more difficult to reduce inflation without causing a drop in activity.

“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit everyone,” Powell said. The central bank will be looking in the coming months for “convincing evidence” of a slowdown in price pressures before easing interest rate hikes started three months ago.

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.