The dollar is trading higher in Colombia due to a public holiday in the United States on Monday, January 15, in commemoration of Martin Luther King Day. As a result, the day has been designated as a Next Day, with trading ending at 4:30 pm instead of the usual 1:00 pm.
The currency opened the day at an average price of $3,920, which is $18.62 above the Representative Market Rate of $3,901.38. Currently, the dollar is trading at an average price of $3,907.90. This marks a decrease from the closing price of $3,893 on Friday, January 12.
The behavior of the dollar in Colombia is influenced by both external and internal factors, such as economic policy decisions in the United States, employment figures, and the country’s economic and political situation. The value of the currency is closely linked to decisions made by the United States Federal Reserve regarding interest rates.
Experts predict that the dollar will remain at relatively low levels, below the $4,000 barrier, and may even reach thresholds of $3,800 again. However, these forecasts are subject to change depending on various global variables, such as geopolitical tensions and trade conflicts.
For the current week, experts forecast a currency that may fluctuate between $3,900 and $4,000. They also emphasize the importance of staying updated with the latest economic news and developments.