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The dollar opened in Colombia at COP 3,240.34 on 3 November, up 1.23% from Friday's close and above the TRM of COP 3,182.99. The Banco de la República kept its benchmark rate at 12.25%, against analyst expectations of a 25 basis point hike.
A surprise central bank hold keeps local rates high and sustains the peso's weakness against the dollar, which raises the cost of dollar-priced feed imports for Colombian buyers.
xtb.comIgnacio MieresNov 3, 2026Not 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.
