behavior on November 30, 2020

The behavior of the dollar today excites many in Colombia, especially those who have debts to pay with this currency or have plans to travel at this time.

The opening price of the north american currency this Monday it was 3,600 pesos, below the 3,611.44 pesos that govern the Market Representative Rate today. The trend has continued and it has already dropped to a minimum of 3,585 pesos, and an average of 3,588.18, according to the Colombian stock exchange.

Dollar today in Colombia

Judging from today’s opening, it is possible that the dollar will maintain the downward trend that it registered during a good part of November and that led him to lose more than 220 pesos in a few weeks.

This new decline in the dollar comes after several countries of the OPEC + alliance supported a gradual increase in the oil production starting in January as a commitment to reach an agreement this Tuesday on the level of adequate pumping in the coming months, the Russian agency TASS reported.

“Some countries, including Russia, want to gradually increase (production) starting in January, ”said a source from the Organization of Petroleum Exporting Countries (OPEC).

Those producing nations defend this position on the grounds that the situation in the oil market is more favorable than last spring, he added.

Other countries would like to extend the current cut of 7.7 million barrels per day (mbd) “several months” to 2021. On the table is an extension of three months or more.

With EFE.


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