Exchange rate
The market exchange rate at the end of
September of 2000, stood at an average of Col. $2,213.76 pesos per US dollar, registering
a nominal devaluation of 15.21% during the year. On the other hand, the Real Exchange Rate
Index stood at 120.09, indicating a real depreciation of 8.2% during the third quarter
which was primarily due to the greatest nominal domestic devaluation (15.2%) compared to
the external one (6.1%), and by the decrease in the gap between national inflation (PPI
10.02%) and external inflation (6.3%)..
REAL EXCHANGE RATE
INDEX
|
REAL
EXCHANGE RATE INDEX
No Traditional Trade
Goemetrical Average 1994 = 100
PERIOD |
AVERAGE |
PERIOD |
AVERAGE |
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 |
108.32 |
1993 |
107.46 |
2000* |
112.18 |
1994 |
100.00 |
2000** |
114.63 |
|
NOMINAL
EXCHANGE RATE DEVALUATION %
END OF
PERIOD |
RATE |
ANNUAL
VARIATION |
END OF
PERIOD |
RATE |
ANNUAL
VARIATION |
1988 |
332.97 |
27.05 |
1995 |
988.18 |
19.17 |
1989 |
429.30 |
28.93 |
1996 |
1,000.55 |
1.25 |
1990 |
563.38 |
31.23 |
1997 p |
1,296.87 |
29.62 |
1991 |
630.38 |
11.89 |
1998 p |
1,523.64 |
17.49 |
1992 |
733.42 |
16.35 |
1999 p |
1,889.20 |
23.99 |
1993 |
803.53 |
9.56 |
1999 * |
2,120.17 |
12.23 |
1995 |
829.19 |
3.19 |
1994 |
2,213.76 |
12.05 |
|
*: Up to June.
**: Up to September.
Note: The Real Exchange Rate figures of 1999 and 2000 are provisional.
Source: Banco de la República, Economic Studies.
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