Dollar price in Colombia remains below $3,700 awaiting interest rate decisions

Banrep - Bank of the Republic of Colombia Photo: Fb Banrep

Dollar price in Colombia remains below $3,700 awaiting interest rate decisions

TL;DR

  • The dollar price stayed below 3,700 on March 30th.
  • The Bank of the Republic will announce new interest rates on March 31st.
  • The average closing price of the dollar was $3,670.23.
  • The maximum price reached was $3,678.90, and the minimum was $3,659.50.
  • Analysts expect a possible interest rate hike due to inflation.
  • The Bank of the Republic previously raised rates by 100 basis points to 10.25% in January.

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