Colombian Peso exchange rate and related issues

[John Gault]

What site are you using JC because even on the official Colombian bank page its at.

http://1913.http://www.banrep.gov.co...exchange_d.htm

And on Bloomberg its much worse at like. 1897

Http://www.worldsexarchives.com/main.html

[HelpRules]

Thats what Britain thought. Thats what the Roman Empire thought. America is next. We are one big welfare state. Everyone has their hand out and thinks the government should take care of them for free. Medicare, social security, welfare, food stamps, section 8. Lets not forget the invention of the federal reserve and the income tax. Its over for America.

[Manizales911]

This dollar strength we have was temporary. We went from 73 to 79 in a pretty short span. One day people will not pile into the dollar. It is no safe haven, and when people realize this, your dollars will be like toilet paper. You can thank Obamanomics and Bushonomics for that. When you have 2 of the most unqualified presidents back to back, there are going to be problems. Remember, Bush was president because of white privilege, and Obama because he is black. Affirmative action and quotas. They have completely destroyed this country in 12 years. Obama couldn't run a lemonade stand. He is another college boy that went straight into politics. Never had a real job or hired anyone. Never ran a business. A complete Clarence Thomas dope.

The doomsayers have been claiming that the dollar is going to be toilet paper now for years. What they don't fucking realize is that when the USA economy goes down so does a good chunk of the rest of the world's, look at Spain, Greece, Italy, etc, they are in much worse shape than the USA. Therefore the big players run to the dollar like they have been doing for the last century and will continue to do because believe it or not the USA is still the 500 pound gorilla in the room and the USA dollar is still and always will be the standard by which world currencies revolve around.

[MiamiHeatLuver]

Wednesday, October 12, 2011

1 US Dollar = 1, 962. 23 Colombian Peso

1 Colombian Peso (COP) = 0. 0005096 US Dollar (USD)

Median price = 1, 900. 62/1, 962. 23 (bid / ask)

Minimum price = 1, 894. 40/1, 916. 50

Maximum price = 1, 914. 50/1, 973. 10

What site are you using JC because even on the official Colombian bank page its at http://1913.http://www.banrep.gov.co...exchange_d.htm and on Bloomberg its much worse at like -1897

[John Gault]

Wednesday, October 12, 2011

1 US Dollar = 1, 962. 23 Colombian Peso

1 Colombian Peso (COP) = 0. 0005096 US Dollar (USD)

Median price = 1, 900. 62/1, 962. 23 (bid / ask)

Minimum price = 1, 894. 40/1, 916. 50

Maximum price = 1, 914. 50/1, 973. 10

[HelpRules]

This dollar strength we have was temporary. We went from 73 to 79 in a pretty short span. One day people will not pile into the dollar. It is no safe haven, and when people realize this, your dollars will be like toilet paper. You can thank Obamanomics and Bushonomics for that. When you have 2 of the most unqualified presidents back to back, there are going to be problems. Remember, Bush was president because of white privilege, and Obama because he is black. Affirmative action and quotas. They have completely destroyed this country in 12 years. Obama couldn't run a lemonade stand. He is another college boy that went straight into politics. Never had a real job or hired anyone. Never ran a business. A complete Clarence Thomas dope.

[SlamCity7777]

The only consistency I have found is a drop that directly coincides with my days in country. I have resigned myself to being happy as long as it's above 1700.

I'm with you! Seems that when I'm in Colombia the guys runs to switch the numbers on me! IMO anything over $1900K is great vs the $1780K-$1890K it has been. Hope the $1900K holds.

[Doubt98]

Another HUGE drop today. From almost hitting 2000. To going under 1900. All in the span on a week. WTF?

http://www.bloomberg.com/markets/currencies/americas/

USD-COP 1, 911. 9300. 24. 9750. 1.2894% 11:02

The only consistency I have found is a drop that directly coincides with my days in country. I have resigned myself to being happy as long as it's above 1700.

[MiamiHeatLuver]

Another HUGE drop today. From almost hitting 2000. To going under 1900. All in the span on a week. WTF?

http://www.bloomberg.com/markets/currencies/americas/

USD-COP 1, 911. 9300 -24. 9750 -1. 2894% 11:02

[MiamiHeatLuver]

To go to the ATMs to take out money, but their fee plus my bank charges %3 of all transactions international and who knows the rate you'll get or send money from here and keep it in an account which charges %4 but they give you wholesale rate. Today was 1980. I've always done the ATM but I'm thinking the send money from the US might be a better option.

Its been discussed here in this thread a million times that a no fee card such as Capital one, Fidelity, Scott trade is by far the best bet. Best rates and no fee. You can also try and google "no international fee atms"

[Nclpimp]

To go to the ATMs to take out money, but their fee plus my bank charges %3 of all transactions international and who knows the rate you'll get or send money from here and keep it in an account which charges %4 but they give you wholesale rate. Today was 1980. I've always done the ATM but I'm thinking the send money from the US might be a better option.

[Ezyngo]

Now the USD is much stronger and the best I can get (outside of BOG) is 1800, and that's a struggle.

Anyone in BOG or MDE change $$ recently?

I received 1870 COP per dollar in one of the Western Union office in El Centro in Medellin on Avenida Oriental.

[Viajero]

I did some research and this was the best answer I've gotten.

Prices are set the same way that they are set by any business. They are based on the cost of providing the service and what customers are willing to pay. Distance is not the primary criteria.

Some factors are:

A. The level of competition. A market that has many airlines serving it will typically have lower fares than one with a couple of airlines or a monopoly.

Be. Demand for seats. Fares will be higher on routes with very high demand for seats relative to supply. Fares will be lower on routes with lower demand for seats relative to supply.

See. The mix of traffic. Routes with high concentrations of business travelers will have higher fares than routes that cater primarily to leisure travelers. Why? Because business travelers have to get where they are going. It's not discretionary travel, so they will pay for it. Vacation travelers can cancel their trips, change the dates, or select a different destination when they are unhappy with fares.

In short, fares are set at the level that generates the highest revenue for the airline. If business drops off, they will lower fares in an attempt to generate more business. If flights are full, they will raise prices to take advantage of it.

Why fares are so fricken high from Medellin to San Jose Costa Rica! That amazes me how high it is. It is only an hour trip and they are asking $788 American Dollars, and that was the cheapest.

[Ezyngo]

I did some research and this was the best answer I've gotten.

Prices are set the same way that they are set by any business. They are based on the cost of providing the service and what customers are willing to pay. Distance is not the primary criteria.

Some factors are:

A. The level of competition. A market that has many airlines serving it will typically have lower fares than one with a couple of airlines or a monopoly.

Be. Demand for seats. Fares will be higher on routes with very high demand for seats relative to supply. Fares will be lower on routes with lower demand for seats relative to supply.

See. The mix of traffic. Routes with high concentrations of business travelers will have higher fares than routes that cater primarily to leisure travelers. Why? Because business travelers have to get where they are going. It's not discretionary travel, so they will pay for it. Vacation travelers can cancel their trips, change the dates, or select a different destination when they are unhappy with fares.

In short, fares are set at the level that generates the highest revenue for the airline. If business drops off, they will lower fares in an attempt to generate more business. If flights are full, they will raise prices to take advantage of it.

[MiamiHeatLuver]

MIA-MDE on Copa is $520, with limited numbers of flights and those flights all being full they don't have to give the seats away.

What I find to be fucked up is for $50. More $570, I can go from JFK-MDE, a trip almost twice as far. That makes no sense.

Bro its always like that for some fucking strange reason. Some other whacked shit it my friends from NYC are always ragging on me that when we hit the D. R. The pay like $280 from JFK and I was always paying like $400 from MIA. WTF? LOL