Foreign Exchange Market – July 18, 2025

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| The COP strengthens despite the global strength of the dollar

• The U.S. dollar consolidates near multi-week highs. 
• The euro retreats and trades near 1.16, its lowest level in a month. 
• The pound sterling It recovers slightly and is trading above 1.3450.

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| Hector Wilson Tovar Garcia: Research Manager – wtovar@accivalores.com

| Maria Alejandra Martinez Botero: Research Director – maria.martinez@accivalores.com

| Laura Sophia Fajardo Rojas: IE Analyst - Laura Fajardo@accivalores.com

| Maria Lorena Moreno: Intern – maria.moreno@accivalores.com