TRM for Wednesday, March 7: full analysis
▼ $23.26 (−1.04%) vs. previous TRM
Valid on Wednesday, March 7.
What happened with the TRM
The TRM for Wednesday, March 7 was set at $2,222.45, down $23.26 (−1.04%) from the previous rate of $2,245.71. It is a strong move, more than twice the typical daily change of the past month (0.35%). It is the biggest drop since Saturday, August 5, 2006.
It stands below its 20-day average ($2,227.42) and below its 50-day average ($2,233.56), pointing to a short-term downward trend.
Year to date, the dollar is −0.73%; compared with a year ago, −1.62%. Over the past 52 weeks it has moved between $2,211.46 (Tuesday, February 27) and $2,634.06 (Thursday, June 29, 2006); it is now at 3% of that range, close to the bottom.
The dollar on the international market during the session
USD/COP quote from the international currency market (Forex) in 1-minute candles, 8:00 a.m. to 1:00 p.m. Source: fastFOREX. It is not Colombia’s official spot dollar (SET-FX), which the Financial Superintendence uses to calculate the TRM.
There is no intraday international price data for this session.
TRM over the last year
Recent rates
| Valid from | TRM | Change |
|---|---|---|
| Mar 7 2007 | $2,222.45 | −1.04% |
| Mar 6 2007 | $2,245.71 | +0.14% |
| Mar 3 2007 | $2,242.62 | −0.19% |
| Mar 2 2007 | $2,246.88 | +0.67% |
| Mar 1 2007 | $2,231.94 | +0.35% |
| Feb 28 2007 | $2,224.12 | +0.57% |
| Feb 27 2007 | $2,211.46 | −0.23% |
| Feb 24 2007 | $2,216.57 | +0.10% |
| Feb 23 2007 | $2,214.44 | −0.20% |
| Feb 22 2007 | $2,218.78 | −0.09% |