Price of the dollar today: this is how the currency is traded this Wednesday in Colombia – Financial Sector – Economy

A new decline in dollar price It is registered this Wednesday in the Colombian exchange market, which joins those observed in recent sessions and which place the US currency at average levels of 3,987 pesos at the beginning of the day. The fall is only 4 pesos compared to the representative market rate (TRM) of 3,991.15 pesos in force for today. The first operation of the day was made at 3,990 pesos.

(Also read: Despite the fact that the dollar is low in the internal situation, it is $300 over the fair price: analysts)

The confidence of investors, who are already discounting lower fiscal impacts of the reforms that the government is advancing, is attracting more capital to the country, which has caused the Colombian peso to register a value of more than 17 percent against the US currency.

In the first half hour of operations in the Colombian exchange market, the cost of the dollar has fallen to a minimum of 3,980 pesos, that is, 11 pesos less than the TRM in force for this Wednesday.

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​Felipe Campos, Investment and Strategy Manager at Grupo Alianza, points out that the dollar is falling faster in 2023 because last year «Investors were uncertain about a country that could undergo many structural changes.»

The regional elections scheduled for the end of October may also have an effect on the behavior of the US currency in the country, «if there is a breather for the government and a recovery of presidential approval,» says Campos.