The Colombian dollar recorded a new day of losses this Monday, September 18, which caused its minimum price to fall below the $3,900 mark.
During the quotes, the foreign currency recorded a minimum price of $3,888, while the trading average was $3,905.
This price represented a decrease of 23 pesos compared to the TRM of the day, which is $3,928.
According to the Colombian Stock Exchange, the maximum trading price during the day is $3,935.
The dollar and the Colombian peso had a very busy 2023: between January and August alone, the Colombian currency appreciated by 15.06% compared to the greenback.
And as of mid-September 2023, this revaluation was already at 18.3% (with a TRM of $3,928.28).
According to analysts, this revaluation could be due to factors such as the inflow of foreign currencies for the payment of dividends from companies such as Ecopetrol and operations such as the combination of Cementos Argos with the company Summit Materials, which involved the delivery of 1.2 billion dollars.
Diego Gómez, foreign exchange specialist at Corficolombiana, says that the “gap” between the average values of Latin American currencies and the peso was once $1,100 but is now $191, which explains this trend.