The Dollar Falls to 2018 Levels in Colombia
The dollar continues to deepen its decline against the Colombian peso and on Monday once again fell to levels not seen since October 2018. The currency reached $3,028 during the first hours of trading, a price that confirms the strong appreciation of the Colombian currency and once again raises the possibility that the dollar could […]
The Colombian peso has surged to levels not seen since October 2018, causing the U.S. dollar to drop to 2018 levels in the country. The official exchange rate reached $3,048.12 on Monday, a decline of nearly 24% compared to the same day in 2025. The peso's appreciation is making Colombian exports less competitive, hurting sectors reliant on foreign sales such as agriculture and manufacturing.
Business groups warn that the stronger peso could reduce revenues for exporters and potentially affect employment. The peso's rapid gain is attributed to international market uncertainty over U.S. monetary policy and expectations surrounding U.S. Treasury yields. Business leaders are calling for the Central Bank to lower interest rates to ease the pressure on the exchange rate.
Despite some relief for importers and businesses needing to import products, the strengthening peso raises concerns for sectors heavily dependent on foreign sales.
Written by urgent.news from Colombia One's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
