The price of the dollar in Colombia The week of September 5 to 9 began trading above 4,460 pesos, but below the Representative Market Rate (TRM) of this Monday.
(See: The country’s exports totaled US$34,561.2 million as of July).
The opening of the day was given at 4,465 pesos. And, for now, the minimum price that the currency has reached has been 4,456.70 pesos, while the maximum has been 4,473.
At 10:50 am this September 5, the average trading price of the dollar was 4,462.82 pesos, 3.91 pesos less than the TRM of the day (4,466.73 pesos).
(See: Why Spain sees Colombia as a “first order economic partner”).
This Monday, operations on the Colombian Stock Exchange (BVC) with respect to the dollar are in the Next Day model, since it is a holiday in the United States.
In these operations, it is agreed trades to be officially executed one or two days later and are a price estimate based on current supply and demand.
(See: President Petro’s speech at the closing of the Mining Congress).
The Next Day is a market that does not have as much volume of transactions, but it is a reflection of the perception of some agents in the market about certain situations.
(See: Banco BBVA: “we will see a healthy slowdown in the economy”).
BRIEFCASE
