The Colombian peso has surged to a five-year high against the dollar, becoming the best-performing emerging-market currency after months as the worst.
Colombia · Markets
Key Facts
—The level. The dollar fell to about 3,475 pesos, its lowest since January 2021.
—The ranking. The peso is the most-revalued emerging currency over the past year, up 19.4 percent.
—The reversal. Only weeks ago the same currency was the worst performer in its peer group.
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