The price of the dollar in Colombia it behaves downward at the close of the first week of 2023 (between January 2 and 6).
(See: Deadlines for declaring and paying income, VAT and other national taxes).
After to be negotiated at 5,014 pesos, On Thursday, January 5, the currency has moved away from that barrier of 5,000 pesos during this Friday the 6th.
The day opened at 4,970 pesos, while, for now, the maximum price it has reached has been 4,982.35 pesos.
(See: Rents in Colombia: what is true and false about the increase for 2023).
The behavior of the dollar has been so downward that even It has been negotiated for less than 4,900 pesos: 4,881 and 4,880 pesos (the latter the minimum of the day, for now).
At 10:40 am, the average trading price was 4,912.67 pesos, 76.91 pesos less than the Representative Market Rate (TRM) of the day, which is 4,989.58 pesos.
(See: Income statement 2023: dates and deadlines to pay the tax).
The Government Financial Plan for 2023 indicates that the dollar would remain in a range between 4,700 and 4,800 pesos during the year. This linked to an average price of oil that would be at 94.2 dollars.
On the other hand, some financial projections of financial institutions for the exchange rate by the end of 2023 are: according to Bancolombia, $4,915; BBVA, $4,820; Bank of Bogota, $5,000; Citibank, $4,523, Scotiabank Colpatria, $4,750; Corficolombian, $4,648; Davivienda, $4,850; and Itau Colombia, $4,900.
(See: This would be the government’s austerity plan to save in 2023).
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