# Colombian Peso Has Record Low in Sight as Election Risks Weigh - Bloomberg

> The Colombian peso hit a post-pandemic low at the start of 2022 after falling about 16% in 2021 despite a rally in oil prices. Analysts expect election-related tensions ahead of the May 29 presidential vote to keep the currency weak.

- Date: 2022-01-04 · published 2022-01-04T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/43411-colombian-peso-has-record-low-in-sight-as-election-risks-weigh-bloomberg
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the cost of imported feed ingredients for Colombian buyers, while political risk may keep the currency volatile through the election period.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-01-04/colombian-peso-has-record-low-in-sight-as-election-risks-weigh

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