The foreign currency continues with upward pressures that increase the devaluation of the Colombian peso. The dollar in the local market continues to reach new historical records.
(Dollar Qatar, one of several exchange rates in Argentina).
At this time (11:50 am), the average price of the currency is $4,812, that is, it rises 68 pesos compared to the TRM of the day, which is $4,744. In fact, it is the highest Representative Rate that has been recorded in history to date.
(Price of the dollar in Colombia has risen $762 during 2022).
According to the Stock Exchange, the foreign currency reported an opening price of $4,800 and is now trading at a maximum intraday price of $4,833 and a minimum price of $4,800.
Currency continues to strengthen in the midst of an environment of both international and local uncertainty by high inflation, planned increases by central banks, a prospect of a possible recession and geopolitical conflicts, especially in relation to Russia’s invasion of Ukraine.
In addition, the firm JPMorgan pointed out in a report that President Petro’s messages on Twitter have had effects on the markets, especially those related to the actions of the Banco de la República, as well as the possibility of taxes on capital outflows and the ideas of the Minister of Labor, Gloria Inés Ramírez, to propose a price control for the basic food basket.
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