Colombia's peso hits five-year low against dollar
Colombia’s peso is one of the world’s worst performers against the American dollar at the start of 2015, reaching 2,540 Colombian pesos to the dollar this week.
It is the highest figure since 2009, which was also the last time that Brent crude oil dipped below $50 per barrel.
This plunge could benefit areas of the nation’s export sector however, as Colombian goods will now be cheaper and more competitive globally.
Source: Colombia Reports