USDCOP Price, Chart, Live Rate and Forecast -Markets.com

USDCOP

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Analysis and statistics

Open
4012.6468$
Previous Close
4043.9968$
52 Week Change
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Day Range
-31.35$
52 Week High/Low
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Dividend Per Share
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Market cap
--$
EPS
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Beta
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Volume
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About

USDCOP.FOREX likely refers to the exchange rate between the US dollar (USD) and the Colombian peso (COP) in the foreign exchange (FOREX) market. It represents the price of one US dollar in terms of Colombian pesos, indicating how many Colombian pesos are needed to purchase one US dollar. The ".FOREX" suffix is a common, though not standardized, way to denote that the data stream pertains to the spot exchange rate in the foreign exchange market.

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Factors

Here are a few factors that affect the price of USDCOP.FOREX Interest Rates: Higher US rates attract investment, strengthening USD and lowering USDCOP.

Commodity Prices: As Colombia exports commodities, higher prices strengthen COP, increasing USDCOP.

Risk Sentiment: Global uncertainty favors USD as a safe haven, lowering USDCOP.

Inflation: Higher US inflation weakens USD, increasing USDCOP. Higher Colombian inflation weakens COP, lowering USDCOP.

Political Stability: Political turmoil in Colombia weakens COP, lowering USDCOP.

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