Today’s dollar in Colombia: how much is the exchange rate on January 18, 2023?

This Wednesday, January 18, 2023, the dollar gained strength and positioned itself above 4,700 pesos after several days down. Find out below the price of the US bill in Colombia.

QUOTE OF THE DOLLAR IN COLOMBIA THIS JANUARY 18, 2023

For the first hours of the day, at 8:37 am, the dollar registered an average price of $4,738.76.

Now heThe day opened with a price of 4,720 pesos. For now, the maximum price of the currency is $4,749.00 and the minimum is $4,719.00.

Colombia registered inflation of 0.93% in September, above what was expected in the market due to the increase in the prices of goods and services for the home and food, reported the Government.

Let’s remember that the dollar was rising amid the high gains in treasury bonds, driven by the expectation of 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 temporary 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 accumulates a depreciation of 7% in the last four sessions in the exchange market.

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

MAXIMUM AND MINIMUM QUOTATION OF THE DOLLAR IN COLOMBIA IN 2021

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