Currencies

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Building on its 3.8% gain in the first 14 days of January, the Colombian peso has appreciated further by 4.5% over the first 22 days, maintaining its top position among emerging currencies. New international factors like Donald Trump's Greenland comments and a national pension decree bolster the trend, with the Chilean peso (3.8%) and Russian ruble (3.79%) trailing.

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Building on its strong 2025 performance as the fourth strongest emerging currency, the Colombian peso has appreciated 3.8% in the first 14 days of January 2026, leading the pack. It outperforms the Chilean peso (2.8%) and Argentine peso (1%), driven by government external debt issuance and favorable US inflation data.

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