Real Broad Effective Exchange Rate for Colombia
RBCOBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.89
Year-over-Year Change
-0.94%
Date Range
1/1/1994 - 6/1/2025
Summary
The Real Broad Effective Exchange Rate for Colombia measures the purchasing power of the Colombian peso relative to a basket of its major trading partners' currencies, adjusted for inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This exchange rate index provides insights into Colombia's international competitiveness and can inform macroeconomic policy decisions. It is a key indicator for analyzing the country's trade dynamics and economic performance.
Methodology
The data is calculated by the Federal Reserve based on exchange rates and inflation rates.
Historical Context
Policymakers and economists use this index to evaluate the peso's valuation and its impact on Colombia's trade balance and economic growth.
Key Facts
- The base year for the index is 2010.
- Colombia is a major trade partner for the United States.
- The index accounts for inflation in Colombia and its trading partners.
FAQs
Q: What does this economic trend measure?
A: The Real Broad Effective Exchange Rate for Colombia measures the purchasing power of the Colombian peso relative to a basket of its major trading partners' currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate index provides insights into Colombia's international competitiveness and can inform macroeconomic policy decisions, making it a key indicator for analyzing the country's trade dynamics and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on exchange rates and inflation rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to evaluate the peso's valuation and its impact on Colombia's trade balance and economic growth.
Q: Are there update delays or limitations?
A: The Federal Reserve provides regular updates to this index, but there may be some delays in data availability.
Related Trends
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Other Deposit Takers for Colombia
COLFCDODDSPENUM
Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Colombia
COLIR3TIB01STM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Electricity, Gas and Other Fuels for Colombia
COLCP040500GYM
Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Colombia
COLFCDODCHPENUM
Business Tendency Surveys: Business Situation: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Future Tendency for Colombia
COLBRBUFT02STSAM
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Colombia
COLCP110000GPM
Citation
U.S. Federal Reserve, Real Broad Effective Exchange Rate for Colombia (RBCOBIS), retrieved from FRED.