The US dollar closed at a daily average of $3,269.21 in Colombia on November 9, 2026, climbing $31.38 above the Representative Market Rate.
The calculation follows. Trading volume on the Set-FX platform cleared more than USD 1,000 million across 1,159 transactions. The currency touched a session low of $3,235.00 and a high of $3,288.50 after opening at $3,245.00.
The latest session extended a four-day positive movement for the greenback against the Colombian peso. Over the trailing week, the exchange rate advanced 0.57%. Yet, the interannual picture tells a different story, reflecting a decline of 10.37%.
Volatility sits at 8.35%, well beneath the reference mark of 15.91%. That compression indicates a calmer foreign exchange corridor than earlier in the cycle. At street level, currency exchange houses posted average buying rates of $3,242.86 and selling rates of $3,344.29 at the close.
According to Acciones y Valores, the international backdrop shifted following easing expectations around US-Iran diplomatic talks. The prospect of a diplomatic resolution lowered energy risk premia. Lower energy costs help soften global inflation metrics, though supply chains through the Strait of Hormuz remain vulnerable to sporadic maritime incidents.
| Exchange Metric | Rate / Volume (COP) |
|---|---|
| Closing Average | $3,269.21 |
| TRM Reference | $3,237.83 |
| Session Open | $3,245.00 |
| Session Low | $3,235.00 |
| Session High | $3,288.50 |
| Negotiated Volume | USD 1,000M+ |
External data also showed the US economy added 165,000 jobs in October. Markets turned their attention to the Consumer Price Index release to gauge upcoming Federal Reserve policy decisions.
Domestically, traders awaited Colombia’s October inflation print following September’s 6.29% annual reading. Officials from the Ministry of Finance acknowledged persistent difficulties in curbing public spending. Meanwhile, Banco de la República codirector Olga Lucía Acosta warned that domestic demand continues to outpace productive capacity.
Corficolombiana currency strategist Mauricio Acevedo noted that the currency traded in a tight lateral band last week. The session opened Tuesday at $3,220 and finished Friday at $3,239.50. Acevedo identified overhead resistance levels at $3,248, $3,254, and $3,265, with downside supports anchored at $3,236, $3,220, and $3,210.
Movimiento completamente normal con un mercado que viene en general en lateral, con volatilidad que permite tener jornadas al alza y a la baja permanentemente,
Acevedo explained regarding the choppy session.
On the commodity front, Brent crude traded at USD 94.95 and West Texas Intermediate changed hands at USD 88.19. Both benchmarks remain comfortably below the USD 100 threshold, reducing immediate pressure on the Colombian external balance.
Macroeconomic and fixed-income analyst Fernando Chacón argued that the peso’s extended strength since January 2024 relies heavily on temporary drivers. Chacón posted on X that local interest rates and electoral dynamics kept the currency afloat while regional peers slumped.
El peso ha sido el mejor de la región por razones reales, pero varias son prestadas/temporales,
Chacón wrote. He warned that fiscal imbalances and a potential policy pivot by the central bank could expose the currency to sudden outflows.
Technical indicators place the dollar in a compression zone between $3,180 and $3,215. Analysts watch whether moving averages will trigger an upward breakout if local fiscal deficits fail to narrow.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
