Although the dollar took a day off yesterday in its bullish trend in the world, concerns persist about the effects of Devaluation of the peso in sectors of the economy.
(Also: How much do they sell dollars in exchange offices in the country?).
The representative market price for today is $4,558.05, i.e., It has decreased to $69.41 compared to the level that was in effect yesterday, from $4,627.46. The market opened at $4,649 and closed at $4,490 and the average was $4,558.52 with deals worth $1,610 million.
For Felipe Campos, Director of Investments and Research at Alianza Valores y Fiduciaria, the fact that the dollar fell more in Colombia yesterday than in other countries may mean that it has happened in recent days. Overreaction to weightRegardless of the international situation. He considers that in this overreaction it is necessary to add illiquidity and political issues, but yesterday was a day of declines in the dollar.
win and lose
Anyway, with a file 14.7% pesos discount During 2022, there are more losing sectors than gainers.
Primarily, says Juan Esteban Origo, Director of Fenalco Bogotá, a higher dollar is good for exporters, “but for the vast majority who have to bear the costs, since a large part of the products are imported or contain foreign ingredients, price increases will continue to appear and what We have to do is take advantage of the situation to export.”
In this sense, exports of oil, flowers and coal are among the main products in The total amount was 4.552 million US dollars in the month of May The total recipients of the exorbitant dollar amounted to $22.982 million per year.
But those who import goods and services, have dollar debts with periodic payments, make online purchases or acquire foreign products in the country are affected.
In April, overseas purchases totaled 6,393 million USD and in the first backlog Four months, they totaled 25,333 million US dollars.
Gonzalo Moreno, President of Fenavi, considers the sector to be a loser with the devaluation of the currency because “the raw material is mostly imported, 80% of the cost of producing chicken and eggs is corn and soybeans, yet the value of corn in futures contracts has depreciated. 20%.”
Miguel Angel Espinosa, president of the Colombian Federation of Logistics Agents, Vitak, believes that devaluation “will lead to a reshaping of companies’ internationalization strategies. Despite the fact that exporters receive more pesos for every dollar, a large amount of input is imported, and its cost to them.” A very significant impact on family finances and thus generate an inflation scenario.”
For his part, Olivrio Garcia, President of Andemos, emphasized that “the rise of the dollar, in addition to affecting the prices of spare parts and vehicles, generates uncertainty. It is important that incoming and outgoing governments send messages to reassure the foreign exchange market.”
(Read: the difference between spot dollar, next day, TRM and at exchange offices).
For Jorge Jiménez, director of commercial and planning for airline Wingo, with the devaluation of the peso “for Colombian consumers on the international network, they are seeing an increase in their tickets and he says this has not affected demand, not even in international destinations.”