According to Colombia’s financial superintendent, the market representative rate set for today, Friday May 19, is 4,521.64 pesos, indicating a slight decline in the US currency at 6.66 pesos compared to the previous value of the dollar in the country. At this price, the Colombian peso records a depreciation of 11.52%.
In fact, So far this year, the national currency presents a devaluation of -6.00%, after the US dollar was quoted at 4,054.71 pesos on May 19 last year, That is, 466.93 pesos less than the current value of foreign currency. However, it is an uptrend, with no major swings during the last week of the month.
How was the dollar movement in the third week of May?
For this week, the price of the US currency rose above 4,600 pesos last Friday, May 12, while the foreign currency reached its lowest value on Tuesday, the 16th, when it was quoted at 4,506.49 Colombian pesos., Therefore, currently you can buy dollars in the country for around 4,400 pesos and sell them for 4,250 pesos. Keep in mind that these figures are approximate and will directly depend on the exchange house where you transact.
At approximately 10:20 am on Friday the 19th, the US currency recorded a price of 4,530.42 pesos, indicating a slight decline of 8.78 pesos with respect to the representative market rate established for today. Which, according to the Bank of the Republic, “is calculated on the basis of foreign currency purchase and sale operations between financial intermediaries trading in the Colombian exchange market.”
- Friday May 29, 2023: 4,521.64 COP
- Thursday May 18, 2023: 4,528.30 COP
- Wednesday May 17, 2023: 4,531.58 COP
- Tuesday May 16, 2023: 4,506.49 COP
- Monday May 15, 2023: 4,564.44 COP
- Sunday May 14, 2023: 4,564.44 COP
- Saturday May 13, 2023: 4,564.44 COP
- Friday May 12, 2023: 4,601.15 COP