The dollar starts the day below 4,000 pesos.

The average dollar exchange rate in Colombia stood at 3.998 pesos this Thursday, eight pesos below the daily Representative Market Rate (TRM) of 4.006.

The currency has fallen by 403 pesos so far in 2025, and the Colombian peso has appreciated by 3.42 percent over the past twelve months.

At the opening of trading, the currency stood at 4,000 pesos, a decrease of 6.46 pesos compared to the daily exchange rate.

The minimum price recorded is 3,974.30 pesos and a maximum of 4,0005 pesos.

After an hour of trading, the exchange rate deepened this trend and was trading at around 3,985 pesos.

According to a report by Acciones y Valores, the Colombian peso led global currencies in July, driven by the rebound in crude oil prices.

For Rodrigo Lama, director of the Latin American fintech company Global66, one of the factors that has reinforced the dollar's downward trend is the breaking of a key level in the Dollar Index (DXY).

"The US currency's downward trend is explained by the breakout of technical support near 97 points on the DXY, which reinforces the current weakness of the greenback against its major counterparts," Lama noted.

This DXY index measures the dollar's performance against a basket of six major currencies. Therefore, a downward break indicates a relative decline in the dollar's value in global markets, which typically favors the appreciation of emerging currencies.