National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Colombia
Colombian Peso
COLNAEXKP06STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,800,723,700,920.31
Year-over-Year Change
54.64%
Date Range
1/1/2005 - 7/1/2023
Summary
The Colombian Peso (COP) exchange rate measures the value of the Colombian currency relative to the U.S. dollar. It is a key economic indicator for analyzing Colombia's international trade and macroeconomic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Colombian Peso exchange rate is a floating rate that fluctuates based on market supply and demand. It is an important metric for assessing Colombia's economic competitiveness and the purchasing power of the peso internationally.
Methodology
The exchange rate is calculated and reported by Colombia's central bank, Banco de la República.
Historical Context
The peso exchange rate is closely monitored by policymakers, investors, and analysts for insights into Colombia's economic performance and trade dynamics.
Key Facts
- Colombia is the 4th largest economy in Latin America.
- The peso has fluctuated significantly against the U.S. dollar in recent decades.
- Exchange rate movements impact the cost of imports and exports for Colombian businesses.
FAQs
Q: What does this economic trend measure?
A: The Colombian Peso exchange rate measures the value of the Colombian currency relative to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The peso exchange rate is a key indicator of Colombia's economic competitiveness and the purchasing power of the currency internationally.
Q: How is this data collected or calculated?
A: The exchange rate is calculated and reported by Colombia's central bank, Banco de la República.
Q: How is this trend used in economic policy?
A: The peso exchange rate is closely monitored by policymakers, investors, and analysts for insights into Colombia's economic performance and trade dynamics.
Q: Are there update delays or limitations?
A: The exchange rate data is reported in real-time with no significant publication delays.
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COLFCBODCANUM
Consumer Price Index for Colombia
DDOE01COA086NWDB
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COLCP120000GPM
Residential Property Prices for Colombia
QCON628BIS
Citation
U.S. Federal Reserve, Colombian Peso (COLNAEXKP06STSAQ), retrieved from FRED.