Peso Ends at 3,216 as Producer Prices Rise | Colombia Market Report, Oct 6
Key Facts
- The Colombian dollar closed at an average of 3,215.92 pesos on Tuesday 6 October, 6.14 pesos above the official TRM of 3,209.78, after trading between 3,172 and 3,244 (Set-FX).
- Producer prices rose 2.20% in September from August, with mining and quarrying up 12.21%, DANE reported.
- The COLCAP, Colombia’s main stock index, last had a confirmed close of 2,582.65 on Monday 5 October, up 2.69%; the official close for Tuesday was not available at publication (Valora Analitik).
- Ecopetrol’s New York shares fell 1.68%, while Bancolombia’s rose 0.50% (EODHD).
- Prediction markets: Polymarket gives 46.5% to no change at Colombia’s October rate decision and 54.6% to a rate increase (US$33,683 traded, as of 8:35 pm ET, 6 October). Bets, not polls.
Today’s Focus
The Colombian peso was the main market story on Tuesday 6 October. The dollar traded between 3,172 and 3,244 pesos and closed at an average of 3,215.92.
Producer prices were the main data point. DANE, the statistics agency, said they rose 2.20% in September from August.
Stocks had a strong Monday. The COLCAP, the main index of the Colombia Stock Exchange, closed at 2,582.65 points on 5 October after a 2.69% jump. We could not confirm the official close for Tuesday.
What matters today. Producer prices are an early signal for consumer inflation, which investors expect on Wednesday. A hot reading would raise bets on a rate increase.
01 The session in one read
The peso swung widely. The dollar opened at 3,176 pesos, touched 3,172, and rose to 3,244 before closing at an average of 3,215.92, according to Set-FX data reported by Infobae. A Credicorp Capital analyst linked the late rise to position-taking ahead of the inflation release.
The official TRM for Tuesday, 3,209.78 pesos, was 63.71 pesos (1.95%) below Monday’s 3,273.49. The TRM is the official rate set by the financial regulator, based on the previous day’s trading.
For stocks, the last confirmed level is Monday’s. The COLCAP closed at 2,582.65 points, up 2.69%, according to Valora Analitik, and is near record highs. The official Tuesday close was not available when we published, so we do not state a move for the session.
The weaker local data point was prices. Producer prices are what companies receive for goods, and they often feed into consumer prices a few months later.
Currency traders were cautious ahead of September inflation. The swing between 3,172 and 3,244 pesos is a wide daily range.
The variable to watch is Wednesday’s consumer price report. The EODHD calendar shows a forecast of 0.40% for the month and 6.32% for the year, compared with 6.24% in August.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| USD/COP (average close) | 3,215.92 | -0.83% | Peso stronger than Monday’s 3,242.70; 6.14 pesos above the TRM |
| TRM (official rate) | 3,209.78 | -1.95% | Down from Monday’s 3,273.49 |
| Producer prices, Sep | — | +2.20% | Month on month; mining and quarrying +12.21% (DANE) |
| COLCAP | 2,582.65 (5 Oct) | — | Tuesday’s official close not available at publication |
| Ecopetrol ADR (NYSE) | US$16.96 | -1.68% | State-controlled oil company, New York shares |
| S&P 500 | 7,819 | +0.58% | Record close in the United States |
The change in the average dollar close compares Tuesday’s 3,215.92 with Monday’s 3,242.70 reported by Infobae. Set-FX handled more than US$1.08 billion in 1,794 transactions on Tuesday.
Colombia’s producer price report showed exported goods up 6.02% and goods for domestic use up 1.14%. Since the start of the year, crude oil has gained 28.20% at the producer level. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,589.04
+0.25%
—
9.04
9.05
9.02
4,133
USD/COP
3,140
+0.03%
-22.04%
3,139
3,141
3,105
—
BRENT
88.88
-0.03%
+34.42%
88.91
90.07
88.12
29,713
WTI
83.11
-0.11%
+31.57%
83.20
84.35
82.40
166,848
ECOPETROL
16.92
-0.53%
+98.01%
17.01
17.05
16.79
737,591
BANCOLOMBIA
95.87
-2.18%
+96.15%
98.01
100.36
95.73
188,740
GRUPO AVAL
5.40
+2.66%
+76.89%
5.26
5.49
5.32
146,447
TECNOGLASS
42.30
-1.10%
-48.04%
42.77
42.73
42.05
60,908
CREDICORP
375.17
-0.49%
+49.60%
377.00
384.43
372.27
88,375
BUENAVENTURA
34.45
-1.02%
+88.07%
34.80
35.62
34.33
275,831
SOUTHERN COPPER
193.97
-0.26%
+104.01%
194.48
199.36
192.59
367,102
03 Why it moved: peso swings and producer prices
The main driver was the currency. The dollar’s late rise from the 3,172 low was explained by position-taking before the inflation figure.
DANE’s producer-price report showed a sharp rise in mining and quarrying, which rose 12.21% in the month. Oil is the main product behind that figure.
Global markets were supportive. Wall Street closed at records and the US dollar index fell 0.22%.
04 The day’s movers
| ADR (New York) | Ticker | Change | Note |
|---|---|---|---|
| Bancolombia | CIB | +0.50% | Bank |
| Grupo Aval | AVAL | +0.40% | Banking group |
| Ecopetrol | EC | -1.68% | State-controlled oil company |
Local single-stock moves on the Colombia Stock Exchange (BVC) were not verified for this session. The table shows New York-listed shares, from EODHD closing prices.
05 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| COLCAP | Colombia | n/a |
| Ibovespa | Brazil | -0.52% |
| IPC | Mexico | +0.42% |
| IPSA | Chile | +0.36% |
| Merval | Argentina | +0.95% |
Brazil was the only index in this table to fall on Tuesday. The official COLCAP close was not available at publication.
06 The technical picture
Valora Analitik’s technical read on Monday put first support for the COLCAP at 2,500 points and resistance at 2,628.
For the peso, analysts quoted by Infobae expect the dollar to trade between 3,200 and 3,280 pesos this week, with 3,200 as a key support level.
What Prediction Markets Say
Polymarket’s market on the Central Bank of Colombia’s October decision priced no change at 46.5%, a 25-basis-point increase at 40.0% and an increase of 50 basis points or more at 14.6%, with US$33,683 traded (read at 8:35 pm ET on 6 October).
These prices are bets, not forecasts from the central bank.
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.
07 What to watch
- September inflation, Wednesday 7 October: Forecast 0.40% for the month and 6.32% for the year (EODHD calendar).
- US Federal Reserve minutes: Also due Wednesday; they can move the dollar against the peso.
- The 3,200 level: Analysts see it as key support for the dollar this week.
- The COLCAP close: The official 6 October level will show whether stocks held Monday’s jump.
Background: COLCAP Gains 2.7% as Peso Strengthens | Colombia Market Report, Oct 5.
Background: COLCAP Slips 0.59% to 2,515, Peso Up 1.5% | Colombia Market Report, Oct 2.
Frequently Asked Questions
What is the COLCAP?
It is Colombia’s main stock-market index. It tracks the country’s largest listed companies, weighted by their size.
How did the Colombian peso trade on 6 October?
The dollar traded between 3,172 and 3,244 pesos and closed at an average of 3,215.92, which is 6.14 pesos above the official TRM of 3,209.78, according to Set-FX data reported by Infobae.
What happened to Colombian producer prices?
The statistics agency DANE reported that producer prices rose 2.20% in September from August, led by mining and quarrying, which rose 12.21%.
Is the central bank expected to raise rates in October?
Bettors are split. Polymarket gave 46.5% to no change, 40.0% to a 25-basis-point increase and 14.6% to a larger increase, as of 8:35 pm ET on 6 October.
Market data: EODHD; peso data: Set-FX via Infobae; COLCAP: Valora Analitik; producer prices: DANE; prediction markets: Polymarket (as of 8:35 pm ET, 6 October 2026)
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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