INSUBCONTINENT EXCLUSIVE:
The US dollar closed below 4,300 Colombian pesos for the first time in 2025, marking a significant shift in the currency market
On January 14, 2025, the Colombian peso strengthened by approximately 58 pesos, ending the day at 4,292 pesos per dollar
This represents the lowest price for the dollar in Colombia since October 18, 2024, when it closed at 4,272.40 pesos.Several factors have
contributed to this trend
Expectations of potential interest rate cuts by the US Federal Reserve in 2025 have weakened the dollar globally
interest rates influence currency valuation
Colombian Pesos for First Time in 2025
(Photo Internet reproduction)Currency experts project continued volatility for the dollar in Colombia throughout 2025
Henry Amorocho from Universidad del Rosario predicts a range of 3,700 to 4,050 pesos per dollar this year
It may reduce export competitiveness but could lower import costs and help control inflation
Businesses and investors must remain alert to economic and political developments affecting currency values.Dollar Dips Below 4,300
strengthen against the dollar
However, challenges remain, including potential US trade policies and domestic economic reforms that could impact fiscal deficits and
investor confidence.As of January 15, 2025, the official exchange rate stood at 4,300.24 pesos per dollar, reflecting the ongoing volatility
This recent strengthening of the peso represents a significant shift from its performance in previous years
