Colombia dollar exchange rate hits seven-year low

The Colombian peso has seen significant movement against the US dollar, with the Representative Market Rate (TRM) set at $3,048.12 on Saturday, August 22, 2026. This figure represents a decline of 0.48% from the previous day and marks the lowest level for the dollar in Colombia since October 2018.

In response to currency volatility and inflation, there is growing interest in digital assets as a financial refuge. Specifically, the use of USDT (Tether) has increased among Colombian freelancers, remote workers, and businesses seeking to protect purchasing power. Local methods for acquiring stablecoins, such as PSE, Nequi, DaviPlata, and Bancolombia transfers, have become increasingly accessible, allowing users to bypass complex international platforms.