Representative Exchange Rate
Exchange rate moments have a strong impact on Colombian economy performance. The Central Bank monitors this macroeconomic variable daily in order to control its effects through the interest rate.
The monthly report of the TRM is published by the Center for Research in Economics and Finance ( Cienfi ) , using data from the Bank of the Republic .
The objective of this report is to set a timely manner changes in the exchange rate , observing its behavior from different approaches , so you can get to analyze patterns and possible predictions of the variable in question.