Colombian Peso Strengthens to 3,850 Per Dollar on Oil and World Cup Tourism
The currency appreciated to its strongest recent level on July 2 as foreign currency inflows from oil exports and international visitors climbed.
The Colombian peso reached 3,850 per U.S. dollar on July 2, a notable appreciation driven by higher oil export revenues and a surge in international tourism tied to the 2026 FIFA World Cup, according to data cited by Bloomberg and Reuters.
The Banco de la República noted that foreign currency inflows from the tournament and the broader tourism boom have improved the country's trade balance. Colombia is one of three host nations for the World Cup alongside the United States and Mexico, and that status has drawn a significant wave of visitors.
For Colombians sending remittances home or managing finances across both countries, a stronger peso means their dollars stretch somewhat less far in Colombia than they did earlier in the year. Analysts will be watching whether the currency holds its gains once the tournament concludes and tourism inflows normalize.
The peso's move comes alongside other positive economic signals, including second-quarter GDP growth that has outpaced regional peers, reinforcing a cautiously optimistic picture for the Colombian economy heading into the second half of 2026.
Reportado por El Paisa, nuestro corresponsal colombiano.
