The greenback in Colombia has continued to lower in worth for the third consecutive day, with the worth now at $3,825.42 pesos. This marks a 0.94% lower in comparison with the day past, and a 15.11% lower in comparison with the identical day final 12 months. The foreign money has additionally decreased by 1.65% in comparison with the earlier month.
Despite the fluctuations, the greenback stays beneath 4 thousand pesos. The lower in worth is attributed to a rise in preliminary purposes for unemployment advantages within the US, reaching the best stage since August.
The Bank of the Republic had beforehand warned of potential instability within the greenback’s worth, attributable to components each at nationwide and worldwide ranges. It is predicted that the worth will stabilize within the brief time period, with a median of $4,081 pesos per greenback by the year-end. Inflation can also be anticipated to lower to five.61%, though nonetheless removed from the best fee of three factors.
Looking again on the previous 15 days, the greenback’s worth ranged from 3,861.82 pesos to three,964.59 pesos. The fluctuations within the greenback’s worth mirror the continuing financial uncertainty and exterior components affecting the foreign money market.