Thread: Colombian Peso exchange rate and related issues
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12-18-14 03:14 #753
Posts: 765Real Estate
Originally Posted by Chesscat [View Original Post]
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12-17-14 23:25 #752
Posts: 323Peso
Originally Posted by Aunsa [View Original Post]
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12-17-14 19:30 #751
Posts: 85Pesos is going down
Originally Posted by Vitrea [View Original Post]
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12-13-14 08:15 #750
Posts: 2090Originally Posted by Hioctane [View Original Post]
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12-13-14 08:13 #749
Posts: 2090Originally Posted by VegasJeff [View Original Post]
Cambio make money by selling dollars to locals. The demand for dollars is low now due to high price. Logical if you think about it.
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12-13-14 03:08 #748
Posts: 137Originally Posted by Hioctane [View Original Post]
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12-12-14 18:48 #747
Posts: 1013The peso is crashing! Should I withdraw out more and save for future trips?
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12-12-14 03:12 #746
Posts: 219Originally Posted by Vitrea [View Original Post]
In addition, no need to carry money through airports. At some point it will be the other way around but for now plastic is the way to go.
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12-12-14 00:25 #745
Posts: 20902410 pesos to a US dollar
Enough said. Time to head down to CO.
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11-15-14 22:34 #744
Posts: 18Originally Posted by Vitrea [View Original Post]
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11-14-14 17:29 #743
Posts: 1013Originally Posted by Aunsa [View Original Post]
Tip. Don't give taxi drivers big bills!
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11-13-14 18:01 #742
Posts: 717US $ is strong against the Colombian currency. US $=$2109.
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11-13-14 00:21 #741
Posts: 2090Originally Posted by Aunsa [View Original Post]
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11-12-14 19:43 #740
Posts: 85Card redraws offers the safest method
When redrawing on a card, not only does it give very good rates but also you are guaranteed to get real money.
A lot of fakes going around at the moment, so be careful. With 50's, you need to rub it against a blank white paper, if color comes from it, than its real.
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09-19-14 15:58 #739
Posts: 2090Originally Posted by RockTimes [View Original Post]
Yes it is a bit confusing but there is a logic to it. As a general rule: When you are traveling to countries that don't have a black (or back) market for dollar, ATM is the best. I consider it utterly foolish to carry USD to Europe and exchange at a Cambio.
But countries that have a black market for dollars, it is the opposite. Cambios offer more as they can sell the dollars back to the locals for more. Argentina is an extreme example. ATM exchange rate is 8. 4 pesos but in black market cambios you can get 11-12 pesos.
Back to Colombia: there is demand for black market dollars but not as much as in some other South American countries. The margin here is only 10-15% and not all cambios pass the saving to the sellers of dollars. Airport cambios all over the world prey on the immediate need of the customer and in general are a bad idea.