Colombian Peso Weakens to 3,300 per Dollar | Colombia Market Report, Nov 13

01 The session in one read

The COLCAP, a thermometer for Colombia’s biggest listed companies, has no settled close for Friday that we could confirm from a second source, so we leave the level out rather than guess.

The currency told a different story. The US dollar rose about 1% to roughly 3,300 pesos, so a traveller changing money paid noticeably more than a week ago.

The dollar is up about 2% against the peso over five sessions, and up about 7.5% over 60 sessions. This is a continuation of a months-long drift, not a one-day shock.

We have no confirmed share-by-share moves for Colombia today, so this recap reads the currency rather than individual companies.

02 The day’s numbers

The table shows a currency on the move. The COLCAP’s level and 52-week position are left as dashes because we could not confirm them.

For the dollar, the 12-month picture is a wide channel. At about 3,300 it sits in the lower third between 3,044 and 3,864, which means the peso is still far stronger than it was last December.

03 Why it moved — a stronger global dollar

The first cause, and the heaviest, was the global dollar. The US dollar index, which measures the dollar against a basket of major currencies, rose 0.23% to 103.41 and is up 1.09% over five sessions. Confidence: medium-high.

The second cause was nervous markets. The S&P 500, Wall Street’s main index, fell 0.40% to 7,562, and the Nasdaq, heavy with technology shares, fell 0.91%. The VIX, Wall Street’s fear gauge, rose 3.21% to 19.30.

The US 10-year borrowing rate stood at 5.14%, up 31 basis points in five sessions (a basis point is one hundredth of a percentage point). Higher US rates make dollar deposits more attractive, which tends to drain money from emerging-market currencies like the peso.

Colombia’s data did not cause the move. Retail sales rose 9.7% year on year against a forecast of 8.7%, and industrial production grew 1.5% against a forecast of a 0.8% fall, after a 3.7% fall the month before.

04 The day’s movers

We have no confirmed Colombian single-stock data today, so this table shows the forces that move the whole market instead. Oil matters most for Colombia, because crude is the country’s biggest export.

Oil slipped only 0.34%, which is too small to explain a currency move of about 1%. That is why the global dollar and rising US yields rank above oil as causes today.

05 The regional scoreboard

Latin America split roughly down the middle, so there was no region-wide wave. Brazil, Chile and Argentina gained, while Mexico fell.

The currencies also differ. The Brazilian real weakened with the dollar up 0.46% to 5.667, but the Mexican peso firmed (the dollar fell 0.39% to 18.5293) and the Chilean peso edged up (dollar down 0.13% to 994.16). Colombia’s peso was the weakest of the group, so part of the move may be local, though we found no confirmed local cause.

06 The technical picture

For the dollar against the peso, the nearest resistance (a level where rises have stalled before) is the 3,300 round number, which the dollar has now reached. The next round ceiling is 3,400, and the 12-month high is 3,864.

Support (a level where falls have paused) sits at 3,200 and then at the 12-month low of 3,044, reached on 24 August 2026.

07 What to watch

• The 3,300 line: A close back below 3,300 pesos per dollar would suggest Friday’s jump was a one-day overshoot.
• US 10-year yield: The yield at 5.14% is the main outside pressure; another climb would likely lift the dollar further.
• Colombia’s data: Retail sales and industrial output beat forecasts on 13 November; further upside surprises would support the peso.
• Oil prices: Crude is Colombia’s main export, so a sustained fall would hurt the peso and the oil-heavy COLCAP.

Background: Colombian Peso Holds Near 3,300 per Dollar.

Background: Colombian Peso Slips Near 3,300 per Dollar.

What Prediction Markets Say

Polymarket, where users bet real money, lists a market on Colombia’s central bank (the Bank of the Republic) December decision, with US$42,099 traded as of 8:05 p.m. ET, 13 November 2026. It prices no change at 57.0%, a 0.25-point rise at 32.4%, a 0.5-point or larger cut at 3.6%, a 0.5-point or larger rise at 3.3% and a 0.25-point cut at 2.0%.

These prices are bets, not polls. They show traders lean towards a hold in December, with a sizeable minority expecting a rise.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

More: Colombia news in English, every day from The Rio Times.

Frequently Asked Questions

How did the COLCAP close?

We could not confirm a settled COLCAP close for Friday from a second source, so we do not print one. The peso weakened, with the dollar up about 1% to roughly 3,300 pesos.

What did the Colombian peso do?

It weakened: the US dollar rose about 1% to roughly 3,300 pesos, and it is up about 4% over 20 sessions.

Why did the peso fall?

Mainly because the global dollar strengthened and US borrowing costs rose to 5.14%, with some local worry about public finances.

Should travellers worry?

The dollar is still about 14% below its December 2025 high, so Colombia is not as expensive for visitors as it was, but it is about 9% above its August low.

Market data: The Rio Times; exchange figures from BVC

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.