Colombian Peso


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

Colombian Peso

The currency of Colombia. Instituted in 1837, it was pegged to the U.S. dollar for a time. Since 1955, however, the peso has floated. It has gradually deteriorated in value since.
References in periodicals archive ?
In late October the Colombian peso gained value against the dollar.
USPRwire, Mon Sep 21 2015] The depreciation of the Colombian peso against the US dollar in 2015 is a drag on growth by raising the cost of imported devices and solutions and resulting in deferred purchases and substitution for lower cost alternatives.
1 stares lasted all of 24 hours and was partly due to the strengthening Colombian peso and the weakening Brazilian real.
the market was heavily impacted in 2015 by the appreciation of the US dollar against, especially the Latin American currencies Brazilian real, Colombian peso and the Mexican peso.
Such increases could result from a major revaluation of the Colombian peso, which began in the last quarter of 2014 and is expected to continue during 2015.
BOGOTA -- A massive influx of American dollars has produced a super-sized Colombian peso.
75% Colombian Peso (COP) denominated notes due 2028 of COP$578,755 million (equivalent to US$300 million at issuance), were upgraded to 'BBB-' from 'BB+'; also the long-term local currency (LTLC) debt rating was upgraded to 'BBB' from 'BBB-'.
The market was heavily impacted in 2015 by the revaluation of the US dollar against LATAM currencies, especially against the Brazilian real, the Colombian peso and Mexican peso.
Some local Colombian and regional players, such as Solla SA and Alimentos Polar de Colombia SA, are expected to see their value shares gradually increase due to a mix of product launches and the strengthening of the Colombian peso, which will make them more competitive than import players.
The strength of the Colombian peso against the US dollar is also posing challenges for the agribusiness sector, as the competitiveness of Colombia's exports is being eroded.
The decrease is primarily due to the Corporation's efforts to manage its G81A expenses in light of the continued weakness in benchmark crude oil prices and the devaluation of the Colombian peso versus the United States dollar.