Colombia’s cocaine market collapsed: farmers
Armed conflict in Colombia displaced more than 180,000...
Forced displacement
Petro orders Colombia’s security forces to end ceasefire...
Central Colombia mining disaster kills 21, rescue attempts...
At least 11 dead, 10 missing after central...
Can Colombia afford excluding paramilitaries from peace process?
‘Ivan Mordisco’
Colombia’s ‘total war’ on illegal mining shuts down...
Petro announces peace process with Colombia’s dissident FARC...
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Peso rises to 9-month high

by Adriaan Alsema July 13, 2010
863

Colombia news - 50 thousand pesos

Colombia’s peso on Tuesday rose to a nine-month high on bets dollar flows into the South American country will increase after the government Monday sold $500 million worth of debt in international markets, and as oil prices rise.

The peso advanced 0.4% to 1,870.9 per U.S. dollar at 11:40AM New York time, from 1,877.9 yesterday. It touched 1,866.85, its strongest level since October 20. The peso has jumped 9.2% this year, the best performance among all currencies tracked by Bloomberg.

“Dollars continue to flow into Colombia,” said Alexander Cardenas, head of research at brokerage Acciones y Valores SA in Bogota. “Besides the government repatriating funds, companies are bringing in dollars from sales abroad, including oil.”

Colombia sold $500 million worth of bonds yesterday, completing its plan to sell an additional $500 million in overseas debt to replace revenue from the scrapped sale of power company Isagen SA. The securities, known as Global TES, are denominated in pesos and payable in dollars.

Oil, Colombia’s biggest export, jumped as much as 3.2% today.

The yield on Colombia’s benchmark 11% bonds due July 2020 fell two basis points, or 0.02 percentage point, to 7.58%, according to Colombia’s stock exchange. That’s the lowest level on a closing basis since April 2006. The bond’s price rose 0.123 centavo to 123.464 centavos per peso. (Andrea Jaramillo / Bloomberg)

Colombia pesodollareconomy

Contribute

Trending

  • Central Colombia mining disaster kills 21, rescue attempts ended

  • Petro orders Colombia’s security forces to end ceasefire with AGC

For patrons

Downloads for patrons

Related articles

  • Colombia’s GDP and GNI

  • Inflation

  • Foreign trade

  • Twitter
  • Email
  • Rss

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion