TRM for Wednesday, May 23: full analysis
▼ $27.79 (−1.40%) vs. previous TRM
Valid on Wednesday, May 23.
What happened with the TRM
The TRM for Wednesday, May 23 was set at $1,957.54, down $27.79 (−1.40%) from the previous rate of $1,985.33. It is a strong move, more than twice the typical daily change of the past month (0.50%). It is the biggest drop since Saturday, July 22, 2006.
The TRM has now fallen for 2 days in a row. It stands below its 20-day average ($2,054.75) and below its 50-day average ($2,126.24), pointing to a short-term downward trend.
Year to date, the dollar is −12.56%; compared with a year ago, −21.51%. Over the past 52 weeks it has moved between $1,957.54 (Wednesday, May 23) and $2,634.06 (Thursday, June 29, 2006); it is now at 0% 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 |
|---|---|---|
| May 23 2007 | $1,957.54 | −1.40% |
| May 19 2007 | $1,985.33 | −0.26% |
| May 18 2007 | $1,990.43 | +0.12% |
| May 17 2007 | $1,988.01 | −0.36% |
| May 16 2007 | $1,995.17 | −0.34% |
| May 15 2007 | $2,002.04 | −1.34% |
| May 12 2007 | $2,029.20 | −0.60% |
| May 11 2007 | $2,041.39 | −0.20% |
| May 10 2007 | $2,045.51 | −1.38% |
| May 9 2007 | $2,074.03 | −0.35% |