Colombia’s peso close to pushing dollar below COP3000
Colombia’s peso is recovering from one of its biggest devaluations in history and is close to pushing the US dollar below COP3000 for the first time since November.
Colombia’s peso is recovering from one of its biggest devaluations in history and is close to pushing the US dollar below COP3000 for the first time since November.
Colombia’s peso bucked a rally in Latin American currencies on Wednesday after Standard & Poor’s said it could downgrade the country’s “BBB” rating.
Colombia’s peso took a nosedive against the US dollar on Monday. One dollar is now worth more than COP3,450, almost double the value it was a year and a half…
The Colombian peso has depreciated more than most predicted and on Monday even dropped to a historic low: One dollar is now worth COP3,300.
The Colombian peso bounced back from a year-long devaluation this week, putting the US dollar below the COP2,800 bar.
The historic low of Colombia’s peso against the dollar reached on Tuesday is not the end of the Colombian currency’s year-long decline. However, the drop is not infinite either, analysts said…
The Colombian peso continued its decline on Tuesday when the US dollar opened above the COP3,000 mark on the local currency exchange.
Colombia’s peso hit its lowest point of the century on Thursday morning with one US dollar worth 2,972 pesos, eight pesos more than the previous record set in 2003.
Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.