Colombian Exchange Houses Sell Dollar at 164 Pesos Premium Over Official Rate
Personal Finance

Colombian Exchange Houses Sell Dollar at 164 Pesos Premium Over Official Rate

With the Colombian peso at multi-year highs against the dollar, foreign-exchange bureaus charge an average COP 164 above...

Shira Katz 👁 27 💬 0
Ecopetrol's Profit Hit by Peso Appreciation: Every COP 100 Drop in TRM Cuts Net Income by COP 800 Billion
Companies

Ecopetrol's Profit Hit by Peso Appreciation: Every COP 100 Drop in TRM Cuts Net Income by COP 800 Billion

While Brent crude hovers near $90, a strengthening Colombian peso is set to erode billions from Ecopetrol’s bottom line....

Declan Byrne 👁 29 💬 0
Colombia Peso Breaches COP 3,100 for First Time Since 2019, but Central Bank Holds Off Intervention
Economy

Colombia Peso Breaches COP 3,100 for First Time Since 2019, but Central Bank Holds Off Intervention

The Colombian peso hit its strongest level in over seven years this week, sinking below COP 3,100 per dollar as the Banc...

Niamh O'Sullivan 👁 23 💬 0
Colombia’s Incoming Government Inherits Fiscal Squeeze, 6% Inflation, and a Surging Peso
Economy

Colombia’s Incoming Government Inherits Fiscal Squeeze, 6% Inflation, and a Surging Peso

As Gustavo Petro prepares to take office, stubborn inflation above 6%, a fiscal deficit nearing 7.4% of GDP, and a peso ...

Niamh O'Sullivan 👁 31 💬 0
Argentine Peso Stable, Gap from Devaluation Ceiling Widens as Reserves Climb
Economy

Argentine Peso Stable, Gap from Devaluation Ceiling Widens as Reserves Climb

The official wholesale dollar held at ARS 1,497, far from the ARS 1,839.93 band ceiling, while the blue dollar hit a new...

Niamh O'Sullivan 👁 42 💬 0
Daniel Garro on Argentina: ‘The Only Price Is the Free Market Price’
Economy

Daniel Garro on Argentina: ‘The Only Price Is the Free Market Price’

Economist and CEO Daniel Garro dissects Argentina’s uneven recovery, warning that provinces and Congress are blocking de...

Niamh O'Sullivan 👁 41 💬 0