
Colombia’s representative market rate was COP 3,237.83, up from COP 3,228.26 the previous day. An analyst forecast a trading range of COP 3,190–3,280 for the week, noting that the peso’s support from carry trades and high oil prices had weakened; October inflation data were also due on Monday.
Weaker carry-trade support and lower oil prices can reduce demand for the peso and lift the USDCOP exchange rate. The upcoming inflation data may affect expectations for Colombian interest rates and the currency.
Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% 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.