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The Colombian peso gained 3.6% against the dollar in October, moving the rate from COP 3,307 to COP 3,194. Banco de Bogotá attributed the move to expected Finance Ministry dollar sales and higher oil prices tied to Middle East tensions, Houthi attacks on Saudi oil infrastructure and Strait of Hormuz disruptions.
A stronger peso lowers the local cost of imported feed and reduces inflation pressure, but it cuts peso revenue from oil exports, and the peso's tie to crude makes it sensitive to Gulf supply shocks.
iarepublica.comNov 4, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
