Colombian peso depreciates 6.8% against USD in Q1 2021

By the end of March 2021, the Colombian Peso exchange rate against US Dollar depreciated by 6.68%. It went from Co$ 3,422 on January 3,661 Co$ on March 31. This change is greater than the overall depreciation of 5.16% in 2020. The lower international price of oil and the global effects of the covid-19 outbreak are related to this situation.