What's next for the dollar in Colombia?: projections, ranges, and events that will mark its trend this quarter
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TL;DR
- The dollar's price in Colombia began 2026 with high volatility, trading between $3,600 and $3,800.
- Most analysts expect this trend to continue through the first quarter of 2026.
- BBVA Research projects the dollar to be around $3,700-$3,800 in Q1, with an annual average potentially above $4,000.
- Financial market analysts surveyed by Fedesarrollo forecast dollar prices between $3,600 and $3,900 in Q1.
- Key factors influencing the dollar's behavior include Fed and Banco de la República interest rates, political uncertainty, public debt, and monetary policy.
- Remittance inflows are providing a constant supply of foreign currency, but reduced institutional flows are contributing to market lateralization.
- The exchange rate is expected to remain technical and reactive rather than tendential throughout the first half of 2026 in the absence of major catalysts.