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The Colombian peso's representative market rate fell by more than 130 pesos during March to 3,690 on April 4, then rebounded about 33 pesos to around 3,724. Analysts attributed the moves to central bank rate hikes, high oil prices and the Russia-Ukraine conflict.
Banco de Bogotá projected the dollar would reach 3,800 pesos by year-end.
Peso volatility tied to oil revenue shifts the local cost of imported feed ingredients for Colombian buyers. The move is a routine currency swing with no major new cause.
infobae.comNewsroom InfobaeApr 6, 2022Not enough comparable past events yet for a historical read.
Not 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.
