The price of the dollar in Colombia on Wednesday, September 7, 2022 It rose by 13.37 pesos, an increase of 0.3% from the previous day. It reached its highest level in over a month (since 07-15-2022). The exchange rate rose by 18.21% (690.06 pesos) referring to the same day of the previous year and rose by 3.29% (142.82 pesos) compared to the same day of the previous month.
The movements of the dollar and oil in Colombia
The coin opened, on Tuesday 6 September, 4495 pesos and reached the minimum price of 4450 pesos and A maximum of 4,504.90 pesos. At 10:30 am the average trading price was 4,488.53 pesos, 21.8 pesos above the representative market rate (TRM) for the day, which was 4,466.73 pesos. The other prices recorded in the currency during the day were 4,488.31, 4,480.05, 4,481 and 4,485 pesos.
In the end, the average recorded price was 4,479.09 pesos, 12.36 pesos more than TRM. On Monday, September 5, in the next day’s operations, the coin recorded an average price of 4,464.01 pesos.
Crude oil prices rose on Monday, extending gains as investors await potential moves by OPEC+ to cut production and support prices at a meeting later in the day. A barrel of Brent oil, a benchmark for Colombia, rose 2.92% to $95.74. While West Texas Intermediate (WTI) rose 2.37% to $88.93.
Six sources in the alliance said that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, at their meeting on Monday, are likely to leave production quotas unchanged for October. Three sources said a small cut of 100,000 bpd could also be discussed.