The External uncertaintyderived largely by the tariff policy promoted by Donald Trump, president of the United States; The acute fiscal crisis that Colombia is going through and the beginning of the presidential race in the country, which will run until mid -2026 are among the main reasons that could make the exchange rate remain very close to the level of the $ 4,000 in which the remaining of 2025 and next year.
It is one of the main conclusions of the ‘Economic Perspectives in the Region and in the markets’ developed during the second day of discussions of the 10th Colombian Business Congress (CEC) organized by the Andi in Cartagena and in which they participated Ángela Hurtado, general director of JP Morgan Colombia; Munir Jalil, executive director and chief economist, Andean region of BTG Pactual, and Verónica Navas, manager and leader of the International Financial Corporation (IFC) for Latin America and the Caribbean.
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The panelists agreed that there are several forces, internal and external, which will continue to press at the exchange rate to remain at the current levels, that is, below the $ 4,100. This year, even The cost of a single dollar in Colombia has fallen to levels of $ 3,974, which were not observed for a year, while the average negotiation rate on Thursday was $ 4,048,8.
Munir Jalil, BTG chief economist.
Nevertheless, The exchange rate in Colombia touched its highest point, $ 4,010.5 just three days after the start of 2025time from which a downward trend began that has it very close to $ 4,000.
(Also read: Dollar in Colombia left the losses behind and added a new upward day this Thursday).
The decrease in the price of the dollar is presented just when many companies begin to make their budgets and projections for 2026, which will not be an easy task given the current economic situation, the panelists indicated.
“The problem of business budgets is not just the dollar”, Said Munir Jalil, for whom to that factor we must add the fact that the country is in the midst of an electoral process, that interest rates continue, an inflation that in July returned to peel at the level of 5%.
The BTG Pactual economist believes that the currency will end this year around $ 4.080.
THE TIME – ECONOMY
