- Analytics
- News and Tools
- Market News
- USD/COP: Colombian Peso prone to weakening – Scotiabank
USD/COP: Colombian Peso prone to weakening – Scotiabank
USD/COP traded between 3,900 and 4,000 during January. Economists at Scotiabank analyze the pair’s outlook.
COP to depreciate a bit to USD/COP 4,100 range
A more hawkish BanRep is helping the COP at the moment but external central bank hawkishness may help push USD/COP up towards our trading band.
We think the COP will be largely driven by the external environment in the near term, given a quiet political backdrop at home and market comfort with Colombian uncertainty. But in the coming months, we expect BanRep to speed up its easing cycle and markets to pay more attention to the fiscal accounts.
Therefore, we expect the COP to depreciate a bit to USD/COP 4,100 range.
USD/COP – Q1-24 4,049 Q2-24 4,078 Q3-24 4,102 Q4-24 4,116
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
