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Colombian Peso Strengthens Amid Economic Optimism, While Stocks Dip Slightly
(MENAFN- The Rio Times) Bogotá – The Colombian peso exhibited resilience against the US dollar on the morning of October 31, 2025, trading at 3,858.37, a modest 0.15% increase from the previous close.
This performance underscores an 11.05% year-to-date appreciation, positioning the peso as a standout among Latin American currencies.
On October 30, the exchange rate closed at 3,875.75, down 0.39%, influenced by a 0.39% rise in the US Dollar Index to 99.51, which exerted moderate pressure on emerging markets.
Overnight stability prevailed, bolstered by controlled inflation nearing the central bank's 3% target by 2027 and projected 2.5% GDP growth for 2025.
Analysts attribute the peso's strength to robust fundamentals, including easing consumer prices at 4.5% year-end forecast and steady Brent crude prices around $67.60 per barrel, supporting oil exports that comprise 45% of Colombia's total.
The Banco de la República maintained interest rates at 9.25%, reinforcing fiscal discipline amid global uncertainties. Market participants noted increased foreign inflows, with one trader highlighting Colombia's appeal relative to regional peers.
Rumors of US-China trade progress added indirect support for commodity exporters. In equities, the MSCI COLCAP Index opened at 1,994.59, following a 0.15% decline to 1,990.74 on October 30, amid profit-taking in industrials and services.
Colombia stocks rise on recovery momentum
Despite the dip, the index boasts a 43% year-to-date gain, surpassing its 2010 record. Energy and financials provided offsets, driven by corporate earnings and macroeconomic stability. Trading volumes were subdued, with balanced ETF flows into Colombia-focused funds.
Top gainers on October 30 included Embotelladora Andina SA Serie B (+10.25% to 17,640 COP), Grupo Nutresa S.A. (+9.88% to 283,500 COP), Bolsa de Valores de Colombia S.A. (+7.91% to 13,640 COP), Empresas CMPC SA (+5.60% to 5,660 COP), and Banco de Credito e Inversiones (+5.12% to 199,980 COP).
Leading losers were Grupo Bolivar SA (−2.04% to 84,440 COP), Constructora Conconcreto S.A. (−1.37% to 432 COP), Grupo Argos S.A. (−1.25% to 17,380 COP), Organizacion Terpel SA (−0.97% to 16,340 COP), and Grupo Cibest S.A. (−0.92% to 62,700 COP).
Technically, the peso's downward channel on 4-hour and daily charts suggests further appreciation, while COLCAP's upward trend supports potential highs above 2,000. Overall, Colombia's markets reflect confidence in recovery and policy continuity.
This performance underscores an 11.05% year-to-date appreciation, positioning the peso as a standout among Latin American currencies.
On October 30, the exchange rate closed at 3,875.75, down 0.39%, influenced by a 0.39% rise in the US Dollar Index to 99.51, which exerted moderate pressure on emerging markets.
Overnight stability prevailed, bolstered by controlled inflation nearing the central bank's 3% target by 2027 and projected 2.5% GDP growth for 2025.
Analysts attribute the peso's strength to robust fundamentals, including easing consumer prices at 4.5% year-end forecast and steady Brent crude prices around $67.60 per barrel, supporting oil exports that comprise 45% of Colombia's total.
The Banco de la República maintained interest rates at 9.25%, reinforcing fiscal discipline amid global uncertainties. Market participants noted increased foreign inflows, with one trader highlighting Colombia's appeal relative to regional peers.
Rumors of US-China trade progress added indirect support for commodity exporters. In equities, the MSCI COLCAP Index opened at 1,994.59, following a 0.15% decline to 1,990.74 on October 30, amid profit-taking in industrials and services.
Colombia stocks rise on recovery momentum
Despite the dip, the index boasts a 43% year-to-date gain, surpassing its 2010 record. Energy and financials provided offsets, driven by corporate earnings and macroeconomic stability. Trading volumes were subdued, with balanced ETF flows into Colombia-focused funds.
Top gainers on October 30 included Embotelladora Andina SA Serie B (+10.25% to 17,640 COP), Grupo Nutresa S.A. (+9.88% to 283,500 COP), Bolsa de Valores de Colombia S.A. (+7.91% to 13,640 COP), Empresas CMPC SA (+5.60% to 5,660 COP), and Banco de Credito e Inversiones (+5.12% to 199,980 COP).
Leading losers were Grupo Bolivar SA (−2.04% to 84,440 COP), Constructora Conconcreto S.A. (−1.37% to 432 COP), Grupo Argos S.A. (−1.25% to 17,380 COP), Organizacion Terpel SA (−0.97% to 16,340 COP), and Grupo Cibest S.A. (−0.92% to 62,700 COP).
Technically, the peso's downward channel on 4-hour and daily charts suggests further appreciation, while COLCAP's upward trend supports potential highs above 2,000. Overall, Colombia's markets reflect confidence in recovery and policy continuity.
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