Dollar: closing price today March 16 in Colombia

During the last session, the American dollar was listed at the close of 4,832.45 Colombian pesos on averagewhich represents a variation of 0.62% compared to the previous day’s figure of 4,862.65 Colombian pesos on average.

Compared to the profitability of the last seven days, the American dollar accumulates an increase of 2.55%so that year-over-year, it still maintains an increase of 16.98%.

Compared to the previous days, it reversed the result of the previous session, where it had closed with a rise of 0.64%, showing itself unable to establish a trend recently. The volatility figure was 18.95%, which is slightly higher than the annual volatility figure (18.2%), so it exhibits a more volatile behavior.

HeColombian peso It is the legal currency in Colombia, it is usually abbreviated as COL and its circulation is controlled by the Banco de la República de Colombia.

Currently there are coins of 50, 100, 200, 500 and 1000 pesos in circulation, the latter had its first circulation between 1996 and 2002, however, it lost popularity because it was very easy to counterfeit.

The 500 and 1000 peso coins are bimetallic, to improve their security and prevent them from being illegally reproduced; meanwhile, all denominations have designs alluding to biodiversity in the country, including the spectacled bear, flag macaw, glass frog, loggerhead turtle, among others

With him change of government In the 2022 elections, where Gustavo Petro was victorious, the country will have to maintain or improve the economic trend it has recorded after its vigorous recovery from the coronavirus pandemic.

Colombia continues to face major structural challenges: remains one of the most unequal countries in the world; inflation has undermined progress in restoring the poverty rate; and the current account deficit remains very high.

According to forecasts by the Economic Commission for Latin America and the Caribbean (Cepal), by 2023 the country will experience economic growth of 1.9%.