Colombian Peso exchange rate and related issues

[TroyBoy]

Thanks for current on the street info.

My Schwab debit card used on June 10.2016 at the Bancolombia ATM on Avenida Poblado and Calle 10 gave 2904 cop / dollar.

A few days earlier the exact same ATM gave 3100 cop / dollar.

I was told the Bancolombia ATM does not charge fee. I find this hard to believe, but nothing showed up on my receipt or on my Schwab statement.

[Gimmedub]

Try interdolar. Co.

Thanks for current on the street info.

[Miami Bob]

Thanks for current on the street info.

[MNPeter]

Is anyone else having issues with Bancolombia since 1/18/16?

Both of my ATM cards from completely different banks quit working with them on that day.

My bank says that the network isn't even seeing the transaction request. Tried many ATM around Medellin, and speaking to them, but they say I need to talk to my bank.

Well I have and they say they don't even see the request so how can they deny it? And two cards at once?

Bancombia doesn't have any fees. My cards work with Citibank, but they are charging 17+Mil for a 700 M withdraw.

Neither of my ATM cards have microchips and some banks require them.

Any feedback would be most appreciated. I'm here for over another month in Medellin.

[James Dandy]

I changed dollars at Unicambio of Santa Fe shopping mall. One of 50 mil bill was fake. They mix it intentionally when you sell lots of dollars. Check every one of them carefully. Don't trust them.

Thanks for the heads up. Yet another way cambios are the worst deal, besides the 6-10% they keep from the going exchange rate. Always use the ATM in Colombia, what could be easier or better than that?

[Woodman09]

I changed dollars at Unicambio of Santa Fe shopping mall. One of 50 mil bill was fake. They mix it intentionally when you sell lots of dollars. Check every one of them carefully. Don't trust them.

What a drag-- I have used the cambios in centro on Jiminez, never had that happen. I usually use ATM's a far better deal- My Schwab card gives me the previous days rate and no fees.

[Bbrocs]

I changed dollars at Unicambio of Santa Fe shopping mall. One of 50 mil bill was fake. They mix it intentionally when you sell lots of dollars. Check every one of them carefully. Don't trust them.

This is one of the reasons I don't like Cambios. They do this. I prefer taking the money off the ATM. I had a fake bill just once from ATM. I took the receipt and bill to the bank and to my surprise they gave me a different bill. After filling out some paperwork.

[Kick123]

I changed dollars at Unicambio of Santa Fe shopping mall. One of 50 mil bill was fake. They mix it intentionally when you sell lots of dollars. Check every one of them carefully. Don't trust them.

[LatinaLover#1]

I wrote in October that the Peso would continue weak for the foreseeable future but I never expected this. I just got back from my 12th or 13th trip to Bogota and had a great time enjoying the the excellent exchange rate at the ATM's While the exchange rate is good for us it's been devastating on the working class Colombians. I met 2 really beautiful women on this last trip, one was living in a hostel with her daughter and the other was living in a one room apt. All this and coming right before the Christmas holiday has really been tough on a lot of these women with absent fathers. I don't want to sound like Mother Teresa here but keeping in mind that over 50% of the work force works for the minimum wage in Colombia, which is about $196 a month, I didn't negotiate quite as hard as I usually do, always gave them a little extra and always leave additional tips in the restaurants. It might be a good idea to share the wealth if any of you guys are planning a trip this time of year. I guess I'm getting soft in my old age. LOL.

[Oil Stain]

XE shows that the dollar is worth 3,305 COP today!

Time to plan my next trip!

The Tall Man.

It may go to 3500 when the fed raise's this month.

[The Tall Man]

Had a really nice GFE session for $60 mil ($19) at Fiebre in Bogota with Marcela Super hot 8-9.

XE shows that the dollar is worth 3,305 COP today!

Time to plan my next trip!

The Tall Man.

[Woodman09]

Had a really nice GFE session for $60 mil ($19) at Fiebre in Bogota with Marcela Super hot 8-9.

All I can say is Wow! I feel bad for those that purchased real estate a few years back looking to make a buck.

To think that for 45.000 COP at New Life casa (or the like) or $14. USD you can enjoy a fine looking girl is crazy talk.

Time to plan my next trip.

The Tall Man.

[The Tall Man]

COP at 3175, nice.

Dec 2, 2015.

All I can say is Wow! I feel bad for those that purchased real estate a few years back looking to make a buck.

To think that for 45.000 COP at New Life casa (or the like) or $14. USD you can enjoy a fine looking girl is crazy talk.

Time to plan my next trip.

The Tall Man.

[Woodman09]

The Party continues as long as oil stays low.

COP at 3175, nice.

Dec 2, 2015.

[Chesscat]

COP at 3175, nice.

Dec 2, 2015.