Today’s dollar in Colombia: check the exchange rate for this, Friday, October 21, 2022

The dollar price continues to rise these days of uncertainty in the markets, as well as the political and economic situation in Colombia and the United States. The currency continues to rise and reaches an all-time high again today.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS OCTOBER 21

The dollar opened at $4,948 on average, which represented an increase of $63 compared to the Representative Market Rate (TRM), which for today’s session stands at $4,885, the highest in history.

The dollar remains higher amid high gains in treasuries, fueled by expectations about monetary policy by the Federal Reserve and the sovereignty it has at the moment.

In the local market, the uncertainty of the agents goes back to comments made in recent weeks by President Gustavo Petro, regarding a transitory tax to prevent the outflow of speculative capital and, in turn, the criticism he made of the rate adjustment policy. interest from the Central Bank.

The Colombian peso has accumulated a 7% depreciation in the last four sessions in the foreign exchange market.

According to the Bank of the Republic, “The representative market exchange rate (TRM) is the amount of Colombian pesos per one United States dollar. The TRM is calculated based on the purchase and sale of foreign currency between financial intermediaries that trade in the Colombian exchange market.with fulfillment the same day when the currency trading is carried out”.

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.