Colombian Peso exchange rate and related issues

[Surfer500]

I landed on 8/17. I always have pesos left over from a previous trip so I don't even use the ATMs at the airport anymore. (their exchange rate is lower than those in town). In town, from BancoColombia I used my Schwab card and immediately got 2965. So far this week, the highest I have received is 3101.

Remember most of the published exchange rate websites post a bank to bank rate, you never actually get that.

Where and or which bank ATM did you get the 3,101 rate.

[Almotu]

I landed on 8/17. I always have pesos left over from a previous trip so I don't even use the ATMs at the airport anymore. (their exchange rate is lower than those in town). In town, from BancoColombia I used my Schwab card and immediately got 2965. So far this week, the highest I have received is 3101.

Remember most of the published exchange rate websites post a bank to bank rate, you never actually get that.

[James Dandy]

Incredible everything will be costing me less than $ 10 per item / event on my next trip. Hotel rooms in El Centro at less than ten bucks a night and hundreds of hookers at less than ten bucks a pop!

I like how you think amigo!

[JoBobTheClown]

Good lord, I planned and booked a trip for early October earlier in the year, worrying that the 240 k rate wouldn't hold. I apparently needn't have worried.

[Dccpa]

The peso is blowing out to the downside, at 3236 to the buck as I type.

It is all about the price of oil and oil is dropping fast. If oil gets to the $34 area I have been reading about, then $3500-3600 - 1 is quite likely. Great deals for the current visitors.

[Surfer500]

The peso is blowing out to the downside, at 3236 to the buck as I type.

Incredible everything will be costing me less than $ 10 per item / event on my next trip. Hotel rooms in El Centro at less than ten bucks a night and hundreds of hookers at less than ten bucks a pop!

[Dickhead]

Looks like the rate is firmly at 3000:1.

Ummm duh get a Capital One card and don't pay 3%.

[James Dandy]

The peso is blowing out to the downside, at 3236 to the buck as I type.

[Dccpa]

Gut feeling that today was a temporary top. It still depends upon the price of oil, but the COP has dropped a lot in a short period of time.

[Miami Bob]

Looks like the rate is firmly at 3000:1.

[James Dandy]

3000 to 1 today fellas, good times are here again!

[Dccpa]

Round numbers ($3000) tend to be important support and resistance levels and the exchange rate set a print high of $2993.60 earlier this morning. Just on a SWAG, I would think we are done for a few weeks. Once we get past the summer driving season, it will be interesting to see what happens to the price of oil and the exchange rate.

The overshoot I posted about earlier is still potentially in play, but nothing moves in a straight line and I really hope the situation that would create that rate does not occur.

[Manizales911]

I always like to have the option of moving it back, but everyone's circumstances are different. Oil down, peso hits new low against the USD. I am looking at a time delayed chart and it doesn't even show the $2975 print high that I saw a few minutes ago. I think we have roughly tied the 2003 high. It's all about the oil price.

I also have residency status here so I have a Colombian bank account and debit card, if I needed to I could withdraw it out via my debit card while in the states, it would take a while though.

[RacShack]

I always like to have the option of moving it back, but everyone's circumstances are different. Oil down, peso hits new low against the USD. I am looking at a time delayed chart and it doesn't even show the $2975 print high that I saw a few minutes ago. I think we have roughly tied the 2003 high. It's all about the oil price.

I'm getting 2780 by my hotel, not true about malls being best, their between 2710- 2760! It's a lot of fun spending it!

[Dccpa]

You are correct but in my case I have no intention of moving it back, I live here part time, I plan on spending it.

I always like to have the option of moving it back, but everyone's circumstances are different. Oil down, peso hits new low against the USD. I am looking at a time delayed chart and it doesn't even show the $2975 print high that I saw a few minutes ago. I think we have roughly tied the 2003 high. It's all about the oil price.