Representative Market Rate ( TRM) is the weighted average of the buying and selling of dollars not including window operations (known as those performed in the next day or buying and selling market dollars that operates between 14:30 and 16:30 hours) and currency derivatives carrying out credit institutions (not including commercial finance companies) in the four major cities (Bogotá, Medellín, Cali and Barranquilla).
is important to note that foreign exchange can be made between the same banks and other market intermediaries and shaping the interbank market. Transactions can be made by cash, check or bank transfer. It should also be noted that the TRM serves as the basis for certain contracts and there are financial assets whose returns may be tied to their behavior, as in the case of indexed TES TRM. The Statute
Exchange
there are some sources of income and expense dollars to be channeled through the regulated exchange market, ie, operations are carried out with the regulated market intermediaries. If the purchase and / or sale of dollars should not be performed on the regulated market, it can be made through the free market. What are the operations to be conducted through the regulated exchange market?
• Transactions of dollars from operations of export and import of goods.
• Foreign debt operations conducted by U.S. residents, as well as financial
costs resulting therefrom.
• Investment of foreign capital in the country and returns associated with them.
• Colombian capital investments abroad. It also includes income from investments.
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