Exchange rate
On March of 2000, the market exchange
rate stood at an average of Col. $1,956.3 per US dollar registering a nominal devaluation
of 3.6% for the first quarter. On the other hand, the Real Exchange Rate Index stood at
110.5, indicating a slight revaluation of 0.4% during the first quarter, primarily due to
a greater domestic inflation (PPI 4.7%) compared with the nominal devaluation average
(3.6%).
REAL EXCHANGE RATE
INDEX
|
REAL
EXCHANGE RATE INDEX
No Traditional Trade
Goemetrical Average 1994 = 100
PERIOD |
AVERAGE |
PERIOD |
AVERAGE |
1987 |
100.42 |
1994 |
100.00 |
1988 |
100.21 |
1995 |
102.03 |
1989 |
101.28 |
1996 |
98.83 |
1990 |
114.87 |
1997 |
93.26 |
1991 |
113.04 |
1998 |
98.32 |
1992 |
106.77 |
1999 |
108.31 |
1993 |
107.46 |
2000* |
110.72 |
|
NOMINAL
EXCHANGE RATE DEVALUATION %
END OF
PERIOD |
ANNUAL
VARIATION |
END OF
PERIOD |
ANNUAL
VARIATION |
1987 |
20.41 |
1994 |
3.35 |
1988 |
27.36 |
1995 |
18.81 |
1989 |
29.20 |
1996 |
1.79 |
1990 |
31.07 |
1997 p |
28.67 |
1991 |
12.29 |
1998 p |
19.21 |
1992 |
15.56 |
1999 p |
21.51 |
1993 |
8.99 |
1999 * |
4.15 |
|
*: Up to March
p: The Real Exchange Rate figures changed due to some price index
adjustments made by the IMF. The figures of 1997 to 1999 are provisional.
Source: Banco de la República, Economic Studies. |
