Colombian Peso gains sharply against dollar after right-wing win

Andrea Torres, Digital Journalist

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Tags: Colombia, Abelardo de la Espriella, Ivan Cepeda

Presidential candidate Abelardo de la Espriella of the Defenders of the Motherland movement depart a polling station after voting during the presidential election in Barranquilla, Colombia, Sunday, May 31, 2026. (AP Photo/Ivan Valencia) (Copyright 2026 The Associated Press. All rights reserved) (Ivan Valencia/AP Photo/Ivan Valencia)

MIAMI — The Colombian Peso gained sharply against the U.S. dollar on Monday after a right-wing pro-business presidential candidate secured a runoff election.

According to the Colombian Stock Exchange, the USD opened at $3,576 pesos, after Abelardo de la Espriella secured the highest percentage of votes on Sunday.

Ecopetrol, the state-controlled petroleum company, was at $16.09, up $1.48 or 10.13%, according to Dow Jones Market Data.

Colombia Election Sen. Ivan Cepeda, presidential candidate of the ruling Historic Pact coalition, speaks to supporters during a campaign rally in Bogota, Colombia, Friday, May 22, 2026. (AP Photo/Fernando Vergara) (Copyright 2026 The Associated Press. All rights reserved) (Fernando Vergara/AP Photo/Fernando Vergara)

De La Espriella, a supporter of President Donald Trump, is set to run against Iván Cepeda, who aims to continue the work of President Gustavo Petro, on June 21.

Cepeda, a socialist senator, supports a ban on fracking and limits on new oil and coal projects, and he supports higher corporate taxes.

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About The Author
Andrea Torres

Andrea Torres

The Emmy Award-winning journalist joined the Local 10 News team in 2013. She wrote for the Miami Herald for more than 9 years and won a Green Eyeshade Award.