Colombian Peso Declines#
On Monday, the Colombian peso closed down by 2.36%, trading at 3,641 pesos per dollar. This drop follows recent polls indicating that left-wing candidate Ivan Cepeda is leading in the upcoming presidential race.
Poll Results#
An Invamer poll released on Sunday revealed that Cepeda, representing the leftist Pacto Historico movement, has gained the most support among voters. While he leads in voting intentions for the May presidential election, he has not yet secured a majority. This means that if no candidate receives more than half of the votes, a runoff election will be necessary.
Upcoming Election Dates#
Colombia is set to hold its presidential election on May 31. If the election does not yield a majority winner, a runoff is scheduled for June 21. This political climate may continue to influence the value of the peso as the election date approaches.