Colombia: Closing Dollar Rate Today July 13 USD to COP

in the past day American dollar Pay at close to 4,099.47 Colombian Pesos on averagewhich means a change of 0.8% compared to the previous day’s data, when it closed at 4,132.50 Colombian pesos on average.

last week , American dollar accumulated decrease 1.27%so that there is still a decline in 11.03%.

If we compare the value to the previous days, we have associated two consecutive sessions with negative numbers. Last week, the volatility was 12.66%, which is lower than the annual volatility data (17.74%), indicating that in this last phase there were fewer divergences than expected.

Like other currencies in the region, such as the Brazilian real or the Mexican peso, the Colombian currency has also been one of the most appreciated in emerging markets so far in 2023.

Only in the first half of the year Colombian pesos It achieved a significant rise, partially driven by the weakness of the dollar globally, as the dollar was affected by global events such as Russian invasion of Ukraine and domestic economic decisions such as the measures the Federal Reserve takes to deal with inflation.

locally, the Colombian economy It benefited from the slow debate in Congress on the reforms proposed by President Gustavo Petro.

The peso has become one of the most highly valued currencies in Latin America, reaching $4,100 per coin dollar, which means an increase of 16 percent. Some specialists believe there could be a recovery and it will reach $4,500 pesos.

euro, the second reference currency on the international market, has not been immune to the growth recorded by the Colombian peso in recent months, mainly due to the relationship between the peso, the dollar and the euro. The euro has come close to parity with the dollar and is now worth less than $1, a situation not seen in 20 years.

The Colombian peso is the legal tender in Colombia, and is usually abbreviated as policeman Its circulation is controlled by the Bank of the Republic of Colombia.

There are currently 50, 100, 200, 500 and 1000 pesos coins in circulation, the latter was first circulated between 1996 and 2002, however, it has lost its popularity because it was very easy to counterfeit.

the bimetallic 500 and 1000 peso coins, to improve their security and prevent illegal duplication; Meanwhile, that’s it sects They have designs that reference the biodiversity found in the country, among them the sighting bear, flag parakeet, glass frog, loggerhead turtle, and others.