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November 27, 2018 – The Colombian peso recorded its largest depreciation against the dollar since February 2016 due to the uncertainty of international oil prices.
The US currency advanced at an average price of 3,251 pesos, that is to say, it increased by 11 units compared to the market representation rate (TRM, or Colombian peso value paid for each dollar) of 3,240.65 pesos on Tuesday, reported the Colombian Stock Exchange.
The minimum dollar price was 3,228 pesos and the maximum 3,266 pesos as of 27 November, in which 1,350 million dollars were traded in 2,450 transactions.
Although oil's behavior has remained stable during the day thanks to the record levels achieved by Saudi production, the markets are waiting for meetings of the group of 20 emerging countries and the Organization of the Petroleum Producing Countries, which in the next ten days .
Important announcements are expected on the future of global crude oil production.
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