International Merchandise Trade Statistics: Exports: Commodities for Colombia
Colombian Peso, Monthly, Not Seasonally Adjusted
COLXTEXVA01NCMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,322,520,000,000.00
Year-over-Year Change
6.43%
Date Range
1/1/1970 - 5/1/2025
Summary
The Colombian Peso, Monthly, Not Seasonally Adjusted series tracks the exchange rate between the Colombian peso and the U.S. dollar on a monthly basis. This metric is crucial for economists and policymakers analyzing Colombia's trade and economic performance.
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, Monthly, Not Seasonally Adjusted series measures the nominal exchange rate between the Colombian peso and the U.S. dollar. This data is used to assess Colombia's international competitiveness, import/export dynamics, and overall macroeconomic conditions.
Methodology
The data is collected directly from the Central Bank of Colombia and reported on a monthly basis.
Historical Context
Analysts and policymakers use this exchange rate data to inform decisions around monetary policy, trade agreements, and international investment.
Key Facts
- The Colombian peso is the official currency of Colombia.
- Colombia is a major trading partner of the United States.
- Exchange rate fluctuations impact the competitiveness of Colombian exports.
FAQs
Q: What does this economic trend measure?
A: The Colombian Peso, Monthly, Not Seasonally Adjusted series tracks the exchange rate between the Colombian peso and the U.S. dollar on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate data is crucial for economists and policymakers analyzing Colombia's trade dynamics, international competitiveness, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected directly from the Central Bank of Colombia and reported on a monthly basis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this exchange rate data to inform decisions around monetary policy, trade agreements, and international investment.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with minimal delay, providing timely insights into Colombia's exchange rate movements.
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Citation
U.S. Federal Reserve, Colombian Peso, Monthly, Not Seasonally Adjusted (COLXTEXVA01NCMLM), retrieved from FRED.