Colombian Peso Slips to 3,269 per Dollar | Colombia Market Report, Nov 9
The Colombian peso weakened as the dollar closed at 3,269 pesos on 9 November, with oil lower despite a Wall Street rally. Here is why, and what to watch. The post Colombian Peso Slips to 3,269 per Dollar | Colombia Market Report, Nov 9 appeared first on The Rio Times .
On November 9, the Colombian peso slipped against the US dollar, closing at 3,269.21 pesos per dollar. This is 31.38 pesos above the official rate of 3,237.83 set by the central bank. Colombia's economy relies heavily on oil exports, and crude prices had a significant impact on the peso's performance. On Monday, the US crude fund fell by 3.87%, adding pressure to the peso.
Meanwhile, global stock markets saw a surge, with the US S&P 500 rising 2.35% and the VIX falling to 19.92, indicating calmer investor sentiment. However, the peso continued to weaken, suggesting that investors' confidence in Colombia's economy and oil income was deteriorating. The gap between the global market rally and the weaker peso highlights this point.
At a rate of 3,269 pesos per dollar, one peso is worth around US$0.0003. Compared to the end of 2025, the dollar has dropped about 13%, making the peso stronger than a year ago. The official rate, a weighted average of the previous trading day, explains the difference between Monday's closing rate and the official rate.
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