色花堂

The value of the Dollar versus the Peso

declined slightly during the past week.

At the close on Friday, the Dollar had

declined 28 Pesos during the week,

closing at 4154 Pesos.

Source... xe.com charting

4201.

The currency exchange opened this week with a positive move

for the Dollar versus the Colombian Peso.

The exchange closed Monday afternoon with the Dollar

valued at 4201 Pesos, according to xe.com charting.

Ending 2024.

With little more than a week remaining in

calendar year 2024, the Dollar is聽 continuing to

strengthen against the Peso.

As 2024 winds down, the Dollar is at

4382 Pesos in value .. and the 2024 chart shows

a fairly steady increase in value vs. Colombian

currency except for a couple of pronounced jumps and

dips during June and July.

The Dollar was at 3768 Pesos as recently as April.

Source.... xe.com

The Dollar closes above 4400 Pesos.

The Dollar was valued at 4402 Colombian Pesos as the

the curtain came down on Friday afternoon's exchange.

Compared to the last exchange day of 2023, the Dollar

is up 13,6 percent for the year versus the Peso,

according to xe.com ...

The Dollar closes above 4400 Pesos.
The Dollar was valued at 4402 Colombian Pesos as the
the curtain came down on Friday afternoon's exchange.

Compared to the last exchange day of 2023, the Dollar
is up 13,6 percent for the year versus the Peso,
according to xe.com ... - @cccmedia

It this... good? 馃し馃徑鈥嶁檪锔�

@ChineduOpara

Good?聽 It depends on which side of the exchange you are.聽 For US expats a stronger dollar against the peso means their money goes further.聽 For Colombians wishing to export or travel to the US, or to buy dollars for any reason, it's not so good.

I remember the days when the US dollar was below 2000 Colombian pesos.聽 Over 4400 COP now looks pretty good!聽 Not quite as good when you factor in inflation, though.

@ChineduOpara
Good? It depends on which side of the exchange you are. For US expats a stronger dollar against the peso means their money goes further. For Colombians wishing to export or travel to the US, or to buy dollars for any reason, it's not so good.
I remember the days when the US dollar was below 2000 Colombian pesos. Over 4400 COP now looks pretty good! Not quite as good when you factor in inflation, though. - @OsageArcher

Ok so same ol' same ol'. I was thinking there was some other ramification, but there's nothing new. BTW since my plans to buy property in Colombia are on pause, I've not been transferring more money into my Bancolombia account, but just paying for things (groceries, etc) using my US-based credit cards, in order to keep the accounts active, and get points for later use.

What do YOU do? Spend directly from your US accounts, or transfer money into Colombia?

What do YOU do? Spend directly from your US accounts, or transfer money into Colombia? - @ChineduOpara

It doesn't have to be an XOR (either one or the other but not both).聽 Most end up doing both, if you can establish a Colombian bank account it can be useful for paying bills.聽 But I would not put a whole lot of money there, just the minimum necessary for your bill-paying needs each month.聽

Drawing on your US accounts via ATMs is easy for living expenses and more, and it sure beats waiting in the long lines at the bank.聽 If you have a card that reimburses ATM fees there are virtually no worries.聽 Unless/until the ATM runs out of money.

If you moved your money out of Colombia and put your money into USD instead of COP, you are losing money. Just since mid-January, the US dollar has fallen 9% against a basket of currencies, a steep decline, to its lowest level in three years 鈥� a drop that raises concerns investors may be losing confidence in the U.S.

It may not be a coincidence that an incompetent became U.S. president in Jan. 2025, someone who has filed for bankruptcy six times, wants to remain president for a third term although the constitution forbids it, and wants to take control over Canada, Greenland, the Panama Canal, etc. 鈥渙ne way or another鈥�.

On the other hand, the Colombian peso has consistently strengthened its position against the United States dollar over the last three months. Since the November 2024 U.S. elections, the Colombian peso has emerged as one of the world's best-performing currencies against the U.S. dollar.

It may not be a coincidence that Colombia鈥檚 strong economy has emerged after a competent visionary leader took charge in Colombia, a popular left wing democratically elected president (who is only interested in serving one term), someone who is also the internationally applauded President pro tempore of the 33 nations in the Community of Latin American and Caribbean States, someone whose economic achievements, resulting in the strong COP, have been recognized and lauded internationally.

[...]
It may not be a coincidence that an incompetent became U.S. president in Jan. 2025, someone who has filed for bankruptcy six times, wants to remain president for a third term although the constitution forbids it, and wants to take control over Canada, Greenland, the Panama Canal, etc. 鈥渙ne way or another鈥�.

[...]
It may not be a coincidence that Colombia鈥檚 strong economy has emerged after a competent visionary leader took charge in Colombia, a popular left wing democratically elected president (who is only interested in serving one term), someone who is also the internationally applauded President pro tempore of the 33 nations in the Community of Latin American and Caribbean States, someone whose economic achievements, resulting in the strong COP, have been recognized and lauded internationally. - @futuroexpat

Wow! Lots of factual AND common-sense-yet-unpopular opinions in your comment! Whenever I have posted (or mentioned) these basic things, I almost always get raving anti-Petro Colombians AND nay-saying expats alike telling me how I'm wrong (but they refuse to look at evidence, or they try to derail the point with WhatAboutIsms and straw man arguments). So you're brave for posting this comment 馃槄 I look forward to seeing the responses 馃嵖馃イ馃憖馃槃

And yes, I'm keeping my "foot on both sides of the fence"... still holding CDTs in Colombia and in the USA as well. Plus, now I am thinking about revisiting my "buy property in Colombia" idea, because, yes, Colombia's gentrification is a thing, due to all those factors you mentioned... in 5 more years properties (even in small pueblos with zero foreigners) shall likely be unaffordable for humble "personal investors" like me... I don't want to miss out again (yes, I have "investment #FOMO" right now, haha)

Eyes open, fingers crossed...