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The dollar opened at COP$3,234.70, COP$51.71 above the certified TRM of 3,182.99, after the Monday holiday with no local trading. The rate rose 0.51% from the prior reference of 3,166.91.
The Superintendencia Financiera certifies the TRM.
A higher TRM and spot rate increase the peso cost of dollar-denominated feed imports, and the market expects volatility from external events.
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.