Colombian peso is near a multi-year high, with the market rate around 3,132 per dollar after a roughly 20% one-year gain; the BanRep rate call was pending.

The COLCAP rose 0.15% on Wednesday, buoyed by steady oil, while the peso weakened 0.21% to 3,211 per dollar. Full wrap and analysis.

Colombia's COLCAP index rose 1.64% to 2,342 on Thursday, lifted by oil strength. The peso firmed to 3,201 per dollar.