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The Colombian peso has strengthened sharply in 2023, moving from almost 5,000 per US dollar in November 2022 to below 4,200 in late June. The article explains how peso appreciation and depreciation benefit or hurt different groups, such as exporters, remittance recipients and dollar debtors.
A stronger peso lowers the peso cost of dollar-priced imports and reduces the local value of export earnings, which can ease input costs for Colombian feed producers. It has no direct effect on global feed commodity prices.
mascolombia.comColombian Exports Más ColombiaJun 29, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
