The dollar in Colombia: it will reach $USDC 4.350 pesos in November 2024, the euro at 4.725

In recent days, the dollar has maintained a stable pace in Colombia, closing at 4,252.15 Colombian pesos on Monday, October 21, 2024 ¹. While the euro in the area of ​​4,600.

However, several factors could influence its value in November of this year.

*Factors that could influence the value of the dollar*

- *Weakening of the oil price*: The decrease in the price of oil could affect the Colombian economy, which in turn could influence the value of the dollar.

- *Labor reform*: Changes in labor legislation could impact the country's economy.

- *Gas price increase*: The increase in the price of gas could generate inflation and affect the purchasing power of Colombians.

- *Lack of rain*: The drought could affect agricultural production and, therefore, the country's economy.

- *Insecurity*: Political and social instability could deter foreign investment and affect the economy.