# Colombia peso boosted by weak dollar and rising oil prices - Colombia News

> The US dollar lost more than 5% against the Colombian peso over the month to January 13, falling from COP3,008 to COP2,854. Analysts attributed the move partly to higher oil prices, Colombia's main export.

- Date: 2018-01-13 · published 2018-01-13T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/67263-colombia-peso-boosted-by-weak-dollar-and-rising-oil-prices-colombia-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude prices improve Colombia's export income and currency, while a weaker dollar makes dollar-priced feed ingredients relatively cheaper in local terms only if the trend holds.

## Read by commodity

- WTI: bullish ▲
- USDCOP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |
| WTI | 2021-05-31 | [CAD boosted by jump in oil prices - OFX (CA)](https://feedsoft.ai/events/47335-cad-boosted-by-jump-in-oil-prices-ofx-ca.md) | +4.4% | +10.0% |
| WTI | 2026-10-20 | [Canadian dollar outlook: oil prices and Fed signals drive the loonie By Investing.com](https://feedsoft.ai/events/17267-canadian-dollar-outlook-oil-prices-and-fed-signals-drive-the-loonie-by.md) | -0.2% | — |
| WTI | 2022-06-03 | [Canadian dollar dips but posts 3rd weekly gain on soaring oil prices - The Globe and Mail](https://feedsoft.ai/events/41187-canadian-dollar-dips-but-posts-3rd-weekly-gain-on-soaring-oil-prices-the-globe.md) | +4.0% | -6.2% |
| WTI | 2022-08-23 | [Canadian dollar snaps losing streak as oil prices jump \| Financial Post](https://feedsoft.ai/events/40272-canadian-dollar-snaps-losing-streak-as-oil-prices-jump-financial-post.md) | +5.3% | -8.4% |

## Sources

- colombiareports.com: https://colombiareports.com/colombia-peso-boosted-weak-dollar-rising-oil-prices/

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