What will happen to the Dollar in Colombia?

The rise in oil prices has been one of the factors that has generated uncertainty in the Dollar.

The decline of the dollar in Colombia is partly due to the sale at high prices of the barrel of crude oil, remaining above 75 USD for an extended period; coinciding with the increase in Remittances to the country of 15% in 2024. Furthermore, the Bank of the Republic made profits of over 100 million dollars by the end of the year. My prediction is that the dollar will be around 4,300 pesos in the coming days, but with a slight rebound (bullish) on January 18 or 19, due to Trump's inauguration in the American presidency.