Colombian central bank enters market again
The central bank reported that it had sold $180m-worth of the options after receiving investor bids worth $551m. Investors paid a premium of 4 pesos per dollar, lower than the 8.15 pesos per dollar premium paid in the previous auction on 15 January.
The options are sold every time the Columbian peso's 20-day moving average changes by more than 2%. The peso reached 1,883 per dollar on 19 February, the strongest rate since 20 June, before falling back to 1,908 the following day. The currency has also appreciated by 5.8% this year.
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