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Exchange rate

1 year ago
I had hoped to see a discussion of the current reversal in exchange rates, dollar to peso, at this forum. Seems like it would be a subject of interest, since so many expats depend on dollars for living. On November 8, last year, the dollar reached a high of 5116.84; today the taza de cambio closed at 3975.52 against the dollar.
This represents a decline of 22.3%. A cursory search through El Tiempo, El Colombiano, and El Pais has not uncovered any explanation for this surprising movement in dollar vs peso valuation. Do any expats here have an opinion on this turn of events? How has it affected your living in Colombia? Have you seen a softening in inflation rates for local goods and services?

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