The dollar closed on July 1 at an average of 3,404.29 pesos, 36.54 pesos below the TRM of 3,440.83 pesos.
The currency recorded a low of 3,368.60 pesos and a high of 3,432.32 pesos in 1,964 transactions for 1,340 million dollars.
The Banco de la República raised the intervention rate by 75 basis points, from 11.25% to 12%. Analysts attribute the dollar's decline to this increase, which favors carry trade.
Mauricio Acevedo of Corficolombiana noted that the next-day market reflected levels of 3,390 pesos and anticipated a bearish bias.
At exchange houses the bill is bought on average at 3,514 pesos and sold at 3,598 pesos, according to data from Banco Unión, Nutifinanzas and Unicambios.
