The price of the Colombian dollar continues to rise and consolidate above 4,000 pesos in the last days of September 2023.
This Tuesday, September 26, the currency opened at 4,041, an amount that, at the moment, is the lowest ever. The highest, for its part, is 4,088 pesos.
Other prices where the dollar was negotiated were 4,067.77, 4,068, 4,069.89, 4,075 and 4,082 pesos.
At 9:10 am, the average trading price was 4,069.64 pesos, 17.1 pesos higher than the Representative Market Rate (TRM) of the day, which was 4,052.54 pesos.
After several days where it almost fell below the 3,900 peso barrier, the dollar closed the ninth month of the year with an increase. And the peso and the greenback are very busy in 2023.
Despite the latest increase, in mid-September 2023, the peso appreciated by 18.3% (with a TRM of $3,928.28).
According to analysts, this revaluation may be due to factors such as the entry of foreign currency for the payment of dividends from corporations such as Ecopetrol and operations such as the combination of Cementos Argos with the company Summit Materials, which includes the delivery of 1.2 billion dollars.
Diego Gómez, exchange specialist at Corficolombiana, says that the ‘gap’ between the averages of Latin American currencies and the peso used to be $1,100, but is currently $191, which explains this trend.
Likewise, the latest Monthly Expectations Survey (EME), from the Bank of the Republic, revealed that the experts consulted believe that the TRM will be in the range between $4,395 and $4,495 by the end of 2023.