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The Colombian peso closed at 3,086 per USD on 6 September, weakening 6.4% over the same day in August and falling 3.4% year to date. The drop came amid a broader emerging-market selloff.
Argentina's currency crisis, turmoil in the Turkish lira, the U.S.-China trade war, the Federal Reserve's tightening and lower oil prices all contributed.
A weaker peso raises the local cost of imported feed ingredients and pushes up the USD-denominated price of anything Colombia buys, while Colombia's oil export earnings are reduced by falling crude.
focus-economics.comNihadSep 7, 2018Not 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.
