Tuesday, January 31, 2023

Logo Central America Link

Colombia's peso volatility highest in the world

Monday, November 23, 2015

Swings in oil prices sent Colombia’s peso volatility to the highest in the world as the currency rebounded from the lowest level since September.

One-week implied volatility, reflecting projected shifts in the exchange rate, was 20 percent, the most among 31 major currencies. Oil, which accounted for about half of Colombia’s exports last year, headed for a third weekly decline in New York.

Source: Bloomberg