Colombia’s Year-End Signal: A Stronger Peso, A Sudden Equity Jolt, And A 2026 Risk Test

Key Points Colombia finished 2025 with a structurally stronger peso, but year-end thin liquidity amplified swings. The stock index fell, yet trading value exploded because two giant block trades dominated the tape. The story behind both moves is credibility versus uncertainty: steady policy signals pulled in capital, while fiscal headlines kept investors quick to de-risk. […]