# Colombian Peso To Weaken Slightly In H223, 2024 As Appetite

> Fitch Solutions revised its Colombian peso forecast to COP4,100/USD by end-2023, from COP4,350 previously, citing resilient risk appetite and moderating oil prices. It expects the peso to weaken to COP4,200/USD by end-2024 as US growth slows and investment sentiment deteriorates.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/34400-colombian-peso-to-weaken-slightly-in-h223-2024-as-appetite
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A forecast of peso weakness into 2024 would raise the local cost of imported feed ingredients for Colombian buyers, though the effect on global feed prices is small.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- fitchsolutions.com: https://www.fitchsolutions.com/bmi/country-risk/colombian-peso-weaken-slightly-h223-2024-appetite-risk-assets-falls-28-09-2023

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.