The US dollar closed the day of May 5, 2025 in Colombia with an average of $ 4,283.77, which represented an increase of $ 39.97 compared to the representative rate of the market (TRM), which was $ 4,243.80. As reported by the SET-FX platform, during the day more than USD 1,037 million were negotiated in 1,702 transactions, with an opening price of $ 4,250.00, a maximum of $ 4,307.00 and a minimum of $ 4,247.25.
In the last seven days, the US dollar records a 2.51%rise, so for a year it has still accumulates a 6.37%rise.
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If the value with previous days is confronted, it invested the price of the previous day, where it obtained a 1.32%decrease, being unable to consolidate a trend in recent dates. In reference to the volatility of the last week, it is somewhat higher than the numbers achieved for the last year (14.19%), so that the value experiences greater alterations than the general trend.
The movement occurred after, at the international level, during the day the investors were attentive to the fall in oil prices, after the announcement of the OPEC on its plan to increase production by 411,000 barrels per day from June.
So things, The Brent, reference for Colombia, and the WTI closed at USD60.25 (- 1.70% daily) and USD57,13 (-1.99% daily), respectively. On the other hand, the DXY index retreated 0.25% daily, after confirming a slowdown in the economic activity of the United States during April (177,000 jobs were created).
According to the PMI index composed of Global S&P, the private sector showed signs of weakness, while business confidence deteriorated and larger operating costs were reported. The indicator was 50.6 points in its final reading of April, compared to March 53.5 and the 51.2 recorded in the preliminary estimate.
At the local level there was absence of economic news.
On what happens with the dollar in Colombia, economist Felipe Campos, investment manager and strategy of Values and Fiduciary Alliance, noted that since Wednesday, April 30, the Colombian peso devalates more than the currency of neighboring countries.
In this regard, he explained that “The napkin rule is simple: if the dollar goes from $ 4,400, it would imply that fiscal risks did not give to lower rates. Meanwhile we knew that fiscal risks to March are getting larger.”
For its part, the foreign currency and derivatives of Corficolombiana. Mauricio Acevedo, stressed that it comes from a week with enough news on the side of the commercial war, which is the main source of news that moves the markets. And it seems that China and the United States already show interest in talking and conditions are being put. On the Colombian side, he confirmed that the news was the cut of the rates made by the Board of Directors of the Bank of the Republic and that it places it at 9.25% annual cash.
Faced with this, he clarified that the adjustment of fees cuts the difference between Colombia’s rates and the fees of the United States, which gives rise to theoretically, two things can happen: in the first instance, that devaluation rates can lower a bit: “These are the rates used to find the strikes or, in simple words, the future values of the operations of the Forward.”
And the other, that exists The possibility of liquidating foreign portfolio capital resources investment positions, since with the drop in fees, thus it was minimal, helps to recompose portfolios towards other markets, which was shown with an increase in the dollar.
For this week that begins, he pointed out that the attention of the markets is in the Federal Reserve Rate Decision-
Similarly, he noted that “the market has been forming and stabilizing in a new lateral movement that for now shows that it moves between levels of $ 4,200 to $ 4,300. We hope to see how these movements are rectified.”
