Colombian Peso Slips as Ecopetrol Gains | Colombia Market Report, Oct 14
Key Facts
- Colombia’s peso weakened to about 3,189 per US dollar on Wednesday 14 October, a rise of about 16 pesos for the dollar, La República reported.
- Ecopetrol’s New York shares rose 2.17% to US$17.90, and Grupo Cibest’s (formerly Bancolombia) rose 1.50% to US$96.92, while US stocks fell.
- US inflation of 3.7% beat the 3.6% forecast, lifting the dollar and raising bets on a Federal Reserve rate rise.
- We could not confirm the COLCAP close for the day, so this report leaves the index level out rather than guess.
- Prediction markets: Polymarket gives 67.5% that Colombia’s central bank holds its rate in October and 31.8% that it raises it (US$36,955 traded, read at 8:25 pm ET on 14 October). Bets, not polls.
Today’s Focus
Colombia’s peso weakened on Wednesday 14 October as the US dollar rose after hot US inflation data. The dollar closed at about 3,189 pesos, according to our RT feed.
La República said the dollar gained 15.80 pesos on the day, as markets weighed a possible Federal Reserve rate rise.
Oil stocks gained: Ecopetrol’s New York shares rose 2.17% as West Texas Intermediate crude rose about 1%.
What matters today. A weaker peso and a stronger oil stock are the two numbers that matter to US investors in Colombia, because Ecopetrol is the country’s biggest listed company.
01 The session in one read
The dollar rose about 0.5% against the peso to roughly 3,189. The peso had firmed over the previous week, Portafolio reported.
We could not confirm the closing level of the COLCAP index from the exchange or the main Colombian papers. We do not publish an unconfirmed index level.
Ecopetrol rose while the peso fell, which shows that oil, not local news, drove the stocks.
The variable to watch is the central bank, because a rate rise would support the peso.
02 The day’s numbers
| Measure | Level | Change |
|---|---|---|
| Dollar (pesos, RT) | 3,188.67 | +0.5% |
| Ecopetrol (US$, NYSE) | 17.90 | +2.17% |
| Grupo Cibest (US$, NYSE) | 96.92 | +1.50% |
| Oil, WTI (US$) | 95.09 | +1.01% |
| S&P 500 (US) | 7,718.94 | -1.11% |
| Dollar index (DXY) | 102.5 | +0.34% |
Gold fell for a third straight session in Colombia’s market, La República reported. Oil rose, which supported Ecopetrol. Rio Times · Live Market Intelligence
Live Market IntelligenceColombia — Live Market Board
Colombia — Live Market Board
Instrument Last Change YoY Prev. High Low Volume
COLCAP
2,582.29
+0.46%
—
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
Live Company IntelligenceEcopetrol SA ADR — the full investor dossier
Wall Street view
Valuation & profitability
Price & risk
$8.1652-wk high
$18.38
Revenue trend · 6y
Ownership
Dividend
03 Why it moved: inflation and oil
The US consumer price index rose 0.6% in September and 3.7% over twelve months, above the 3.6% forecast, the Bureau of Labor Statistics said. El Financiero reported that the Colombian peso was among the currencies that fell against the dollar.
Crude rose about 1% to US$95.09 for West Texas Intermediate and 0.3% to US$106.01 for Brent, which helped Ecopetrol.
04 Oil and the stocks
Ecopetrol, the state-controlled oil company, rose 2.17% in New York while the S&P 500 fell 1.11%. Grupo Cibest, the bank group formerly called Bancolombia, rose 1.50%.
Oil was the support: crude gained about 1% on the day. The peso, by contrast, followed the dollar.
05 The regional scoreboard
Colombia’s oil-linked stocks did better than the rest of the region. Argentina’s Merval fell 1.2%, Chile’s IPSA 0.49%, Mexico’s IPC 0.26% and Brazil’s Ibovespa 0.18%.
On Wall Street the S&P 500 dropped 1.11% and the Nasdaq 1.88%.
06 The outlook
The central bank’s October decision is the next local test, with markets leaning towards no change. The peso will follow US yields in the meantime.
What it means for you: if you earn or save in Colombian pesos, a dollar near 3,190 pesos is still lower than a week ago, Portafolio reported, and oil prices are the main support.
What Prediction Markets Say
Polymarket, a prediction market, priced 67.5% for no change in the Bank of the Republic’s October decision, 24.0% for a 25-basis-point rise and 7.8% for a rise of 50 basis points or more, with US$36,955 traded (read at 8:25 pm ET on 14 October).
These prices are bets, not forecasts, and they can move quickly on new data.
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
- Central bank: The October decision will show whether Colombia raises rates.
- The peso: A dollar above 3,250 pesos would signal stress.
- Oil: Ecopetrol follows crude, with Brent near US$106.
- US data: US retail sales on Thursday 15 October at 12:30 UTC could move the dollar again.
Background: Colombia Stocks Jump 1.54% as Peso Firms.
Background: Peso Hits 3,195 per Dollar, Best Since Sept 22.
More: Colombia news in English, every day from The Rio Times.
Frequently Asked Questions
How much is the dollar in Colombia?
The dollar closed at about 3,189 pesos on 14 October in our RT data. La República said it gained 15.80 pesos on the day.
Why did the peso weaken?
US inflation of 3.7% beat the 3.6% forecast and lifted the dollar, El Financiero reported.
How did Ecopetrol do?
Its New York shares rose 2.17% to US$17.90 as crude oil rose about 1%.
Will Colombia’s central bank raise rates?
Polymarket priced 67.5% for no change and about 32% for a rise at the October decision, as of 8:25 pm ET on 14 October. These are bets, not forecasts.
Market data: RT; dollar move, company news and gold: La República; peso and oil: El Financiero; US inflation: US Bureau of Labor Statistics; prediction markets: Polymarket (as of 8:25 pm ET, 14 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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