The official TRM rose 52.60 pesos to 3,235.59 on November 4 from 3,182.99 the previous day. Banco de la República held its intervention rate at 12.25% in a 4-3 vote, with three members favoring a 25-basis-point hike.
The central bank also announced a direct US$2 billion purchase from the national government to build reserves.
The central bank's split hold and the reserve purchase support dollar demand and keep the peso under pressure. Higher dollar costs raise the price of imported feed ingredients in Colombia.
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.