The price of the dollar has had ups and downs in the country, at the beginning of the damage, the currency was quoted for $5,000 pesos and during the second quarter began to see a lower level, a situation that has not been seen since the first half of 2022.
Between these ups and downs, the price of the dollar has managed to fall by $721 pesos, the experts analyzed the factors that have led to this drop and what will come in the future for this currency.
(Keep reading: This is how the dollar opens this Monday, July 17: the lowest price for more than a year).
According to Portafolio, “the causes to which some analysts attribute this trend are related to the international context. Factors such as the price of oil, the drop in inflation in the United States and the decisions of the US Federal Reserve (FED) have influenced the the movement of foreign currency.
in dialogue with WRradioAndrés Moreno Jaramillo, a financial analyst, assured that: “It dropped 1,000 pesos, it is a volatility of 25%. The market was overextended in buying and now it is overextended in selling.”
In the same way, the expert said that the dollar has to go down even more.s “if there were no tension and economy on the issue of hydrocarbons it should be at 3,600 pesos″.
(In addition: Dollar is trading again at a price that has not been seen for almost 13 months).
María Camila Gómez, country manager in Colombia at Global66, told Portafolio that “investors are once again considering countries like Colombia to invest in, which has generated a flow of dollars to the country and contributes to weakening its value and warns that the market continues to being volatile”.
For his part, the Minister of Finance, Ricardo Bonilla, has indicated that the current level of the price of the green ticket may have a favorable effect on economic matters. This considering the impact of the exchange rate on the amount of debt and inflation.
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