The TRM (Tasa Representativa del Mercado) is the official value of the U.S. dollar in Colombian pesos. The Superintendencia Financiera de Colombia certifies it from the buying and selling of foreign currency in the exchange market, and it applies for one day; on weekends and holidays, the last business day’s value applies.
What it is and who certifies it
The TRM is an average of the price at which the dollar is traded between financial institutions. The Superintendencia Financiera de Colombia calculates and certifies it, and publishes it as open data.
It is an official reference: it is not the price at which an exchange house or a bank buys or sells dollars to you. Each institution applies its own margin over the market rate.
How to convert with the TRM
dollars = pesos ÷ TRM
Illustrative example: if the TRM were $4,000 per dollar, USD 500 would equal $2,000,000, and $1,000,000 would equal USD 250. The TRM changes every day; check the current value before calculating.
How long it applies
- Each value applies for one day.
- The last business day’s TRM applies over the weekend and the holidays that follow.
- That is why it is worth checking the effective date next to the value.
TRM versus buying or selling price
- The TRM is the official reference for the day.
- An institution’s buying price is usually below it; its selling price, above it.
- Before exchanging dollars, compare the actual price you are offered, not just the TRM.
Where to see the TRM in BankIA
BankIA’s indicators page shows the current TRM with its date and source, and the last few days. The data comes from the open data of the Superintendencia Financiera de Colombia (datos.gov.co). If the source fails, the last good value is shown with its date.
Last updated: October 9, 2026. Written by the BankIA (jsadsAI) team. Educational content: it does not constitute financial or legal advice.
Frequently asked questions
Is the TRM the price at which I buy dollars?
No. It is the official reference for the day. Exchange houses and banks apply their own buying and selling prices.
Does the TRM change every day?
Yes. It is calculated and published every day, and on weekends and holidays the last business day’s value applies.
Who calculates the TRM?
The Superintendencia Financiera de Colombia calculates and certifies it using the market’s foreign-exchange transactions.
Keep exploring
Indicators
Today’s TRM, current usury rate and upcoming holidays in Colombia, with the source and date of each data point.
Open →Effective and nominal rates
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