He euro is initially quoted at 4,955.09 Colombian pesos on averageso that it represented a change of 2.47% compared to the value of the previous session, which was 5,080.40 Colombian pesos on average.
Taking into account the last seven days, the euro notes a decrease in 2.05%; However, in the last year it still accumulates a rise in 12.09%.
Regarding the changes of this day with respect to previous days, it chains two sessions in a row in red numbers. Regarding the volatility of the last days, it presents a behavior slightly lower than the volatility reflected in the data of the last year, so it is having a more stable behavior than expected lately.
HeColombian peso It is the legal tender in Colombia, it is usually abbreviated as COL and its circulation is controlled by the Banco de la República de Colombia.
Currently there are 50, 100, 200, 500 and 1000 pesos coins in circulation, the latter had its first circulation between 1996 and 2002, however, it lost popularity because it was very easy to falsify.
The 500 and 1000 pesos coins are bimetallic, to improve their security and prevent them from being replicated illegally; meanwhile, all denominations have designs that allude to biodiversity in the country, including the spectacled bear, the flag macaw, the glass frog, the loggerhead turtle, among others
With the change of government In the 2022 elections, where Gustavo Petro was victorious, the country will have to maintain or improve the economic trend it has registered after its vibrant recovery from the coronavirus pandemic.
Colombia continues to face major structural challenges: remains one of the most unequal countries in the world; inflation has undermined progress in the recovery of the poverty rate; and the current account deficit remains very high.
According to the forecast made by the Economic Commission for Latin America and the Caribbean (Cepal), by 2023 the country will have an economic growth of 1.9 percent.
