Colombia’s peso is one of the world’s worst performers against the American dollar as 2015 commences. The consequences of this are varied and difficult to predict.
Colombia’s currency is tumbling against the value of the dollar, descending to over 2,400 pesos on Friday. While all oil exporting countries have been hit by falling oil prices, the peso has…
The Colombian peso continued its decline on Monday, hitting the 2,000 peso-to-dollar mark for the first time since March 20, depreciating 3.6% over the past month.
Rising demand for US dollars and lower levels of investment inflow to the oil sector have brought the Colombian peso to its weakest level in four months.
The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates…
Colombia’s currency increasing value against the dollar makes it harder for local farmers to compete in foreign markets, reported Wall Street Journal.
Colombia’s central bank is to double US dollar purchases to control an appreciating peso, which is damaging exports, reported local media.
Colombia’s peso dropped slightly against the dollar on Tuesday following an announcement by the government it would buy dollars alongside the central bank to weaken the currency and support ailing…
Colombia’s peso has continued to appreciate against the US dollar, falling to 1,900 pesos on Friday, national media reported.