# Colombia Peso Extends Drop to Record Below 5,000 Per Dollar - Bloomberg

> The Colombian peso weakened 1.6% to a record low of 5,014 per dollar on Tuesday, extending its plunge and breaching 5,000 for the first time. It has lost 8% over the past month, the most among major emerging-market currencies.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/38953-colombia-peso-extends-drop-to-record-below-5-000-per-dollar-bloomberg
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso lowers Colombia's import costs for feed and grain only modestly in local terms, while signaling capital outflows and fiscal uncertainty that can pressure the broader Latin American currency complex and regional demand sentiment.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-11-01/colombian-peso-extends-plunge-to-record-low-of-5-000-per-dollar-l9ybsm4d

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