The Colombian foreign exchange market witnessed a surprising downward shift early today. After the long holiday weekend, the US dollar opened with a sharp drop, hitting $3,165 COP in the early hours of trading.

This unexpected early plunge places the currency well below the official Market Representative Rate (TRM) for Thursday, October 15, which was set at $3,197.65 COP. While the official TRM actually marked a slight increase of $15.91 pesos compared to the previous day, the morning’s live trading numbers caught market watchers off guard. So far in 2026, the dollar has experienced a cumulative downward trend. Financial analysts note that the local currency’s strength may offer temporary relief for importers and households buying foreign goods, though the long-term projections remain cautious.

For expatriates and local businesses in Medellín dealing in USD, this sudden fluctuation is a critical reminder to stay updated on real-time market movements throughout the day.