Home » Economy » Colombian Peso: Economic Outlook and Currency Stability in 2025

Colombian Peso: Economic Outlook and Currency Stability in 2025

by Alexandra Hartman Editor-in-Chief

2024-02-01 14:47:31

With so much spending, this is good news for people’s economies.

January at the economic level in the country began with excellent news, because according to Analitik values, the Colombian peso has become the currency that fell the least once morest the dollar compared to other currencies in Latin America.

According to experts, the Chilean peso was the one that fell the most, representing a 5.78%, followed by the Peruvian sol, which devalued by 2.44% and third place was occupied by the Brazilian real, which had a decrease of 1.50%.

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Given this panorama, the Colombian peso was the one that had the least fall once morest the North American currency, ttaking into account that this was 0.59%.

Given this panorama, a survey carried out by the Banco de la República highlights that the Colombian peso will have drops, but they will be very slight, meaning this might still be the most stable currency.

This generates a high expectation regarding the price of the dollar in the country for the year 2025, so this might rounding off prices of $3,985, generating a considerable drop, and even more so knowing that this was marked at $4,051.

On the other hand, Fedesarrollo together with the Colombian Stock Exchange also carried out a survey in which which revealed that the dollar was going to close the month of January well below $4,000.

For 2024, an exchange rate of $4,025 is estimated. generating a decrease compared to the previous month in which the projections were at a figure that rounded out $4,150.

How does this benefit Colombians?

That the Colombian peso is the currency that falls the least once morest the dollar has significant value in many ways, since this makes the money to make foreign purchases much more profitable.

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As if that were not enough, this generates confidence to make better foreign investment and improve the country’s economy, Therefore, banknotes will also have a significant boom throughout the national territory.

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