Colombia's peso hits five-year low as oil slumps

Colombia’s peso fell to its lowest since June 2004 as oil, the nation’s biggest export, plunged on concern that a slowing global economy will pare demand.

The peso slid 0.9 percent to 2,694.5 per dollar at 9:11 a.m. in Bogota, extending its decline over the past 12 months to 31 percent. That’s the worst performance after the Russian ruble among 24 emerging-market currencies tracked by Bloomberg.





Source: Bloomberg