Exchange rate
At the end of September 1999, the
market exchange rate stood at Col. $2,017.27 per US dollar, . Annual devaluation reached
29.6%, 4.7 percentage points higher than in September 1998. The Real Exchange Rate Index
stood at 118.70, indicating a real appreciation of 14.6% during the year. This result is
due both to the higher nominal devaluation ande the fall of the domestic inflation.
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 |
100.85 |
1995 |
102.08 |
1989 |
101.12 |
1996 |
98.90 |
1990 |
114.76 |
1997 |
93.31 |
1991 |
113.00 |
1998 |
98.40 |
1992 |
106.74 |
1999* |
118.70 |
1993 |
107.46 |
|
|
* Average January -
September. |
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 |
28.67 |
1991 |
12.29 |
1998 |
19.21 |
1992 |
15.56 |
1999** |
29.63 |
1993 |
8.99 |
|
|
** Annual variation
in September. |
Source: Banco de la
República - Economic Studies. |
