# Dollar price reached lowest levels in recent months in Colombia, but returns to the upside - Infobae

> 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.

- Date: 2022-04-06 · published 2022-04-06T12:00:00.000Z
- Category: market · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/42122-dollar-price-reached-lowest-levels-in-recent-months-in-colombia-but-returns-to
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- WTI: neutral
- USDCOP: bullish ▲

## Sources

- infobae.com: https://www.infobae.com/en/2022/04/06/dollar-price-reached-lowest-levels-in-recent-months-in-colombia-but-returns-to-the-upside/

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