Thread: Colombian Peso exchange rate and related issues
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10-23-15 17:55 #888
Posts: 8ATM much better vs exchange Casas
I could prove that going through exchange casas you can lose up to 20% of the amount you can get from ATM's.
You are warned guys.
Regards
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10-15-15 14:47 #887
Posts: 707Peso
Originally Posted by JoBobTheClown [View Original Post]
http://www.brecorder.com/money-a-banking/198/1235267/
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10-15-15 03:27 #886
Posts: 13So I just got back from Medellin and I am already planning on another trip. One concern, though: to get good rates, I need to book the trip in advance. But that risks the COP-dollar ratio tanking; if it drops back to 200:1, it won't be nearly the steal it is now.
My question: Is there a reasonable way for a US citizen to get and maintain an account in pesos, so he can exchange when the rate is good in advance of a trip?
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10-02-15 08:25 #885
Posts: 35Originally Posted by LatinaLover#1 [View Original Post]
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10-02-15 02:53 #884
Posts: 707Exchange rate
Originally Posted by Buscar [View Original Post]
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09-28-15 20:33 #883
Posts: 35Originally Posted by Cursnoop [View Original Post]
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09-28-15 02:56 #882
Posts: 419So if ATM gives the best rate why are a lot of people going to Casas exchange to get a shitty exchange rate.
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09-28-15 02:19 #881
Posts: 707ATM's
Originally Posted by ClubTed [View Original Post]
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09-27-15 16:11 #880
Posts: 282USD to COP rates I experienced
Used the Citibank ATM in the airport upon arrival and got a great rate. Over 3000 pesos to the dollar. Citibank charged a fee of a few bucks. Exchanged some dollars at the Galleria Mall around Calle 53. Rate was 2740 COP to the dollar one day, then 2730 to the dollar the next. No commission. Found another Citibank on Carrerra 7 heading south as you get somewhat close to what appears to be a financial / banking district. Again, rate was over 3000 pesos to the dollar with a small fee for Citibank since I'm not a Citibank customer. Heard about New York Money up in the Andino Mall, but that's up around Calle 92, and I was staying 36 blocks south of there. I concur with previous postings that it appears the ATM withdrawal is the preferred way to go to acquire Colombian pesos.
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09-27-15 14:58 #879
Posts: 707ATM rate
Originally Posted by Almotu [View Original Post]
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09-26-15 22:53 #878
Posts: 1094Exchange rates at ATMs
I was wondering if anyone in the banking industry could properly answer this. . . How quickly does ATMs (Banks) react to exchange rate fluctuations? Are there set hours during the 'business day' that the rates are updated? If I see a beneficial shift in the exchange rate, should I run to the ATM right away or wait until the morning when it is generally safer to withdrawal large sums of cash.
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09-23-15 14:49 #877
Posts: 707Exchange rate
Just got back from an 8 day trip to Bogota. I always try to spend all my Pesos before I leave because of the constant decline of the COP. So when I arrive in Colombia, usually late in the evening, I need some Pesos so I use the airport combios Don, t use the one in the baggage claim instead go thru customs and there will be 2 or 3 more combios open, depending on the time. I got the best rate from the one on the right, better then the one in baggage claim and incredibly 200 cop better then the one next to it, somewhere around 2800.
I recommend using the ATM's from there. I received between 3120 and 3050 depending on the daily fluctuations, while the combios in the mall averaged around 2650 to 2770. If you extrapolate the rate out, even if you have a card that charges you fees, ATM's are a better deal.
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09-22-15 18:04 #876
Posts: 137Originally Posted by Davidb3069 [View Original Post]
Since we bested the early 2003 high of 296 x - 1, the COP went to 3266 - 1, then tested the 296 x - 1 and is now rising again. So far, this is looking like a textbook breakout.
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09-22-15 06:19 #875
Posts: 1332Originally Posted by Davidb3069 [View Original Post]
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09-21-15 04:32 #874
Posts: 439Poblado exchange
This weekend I got 2600 pesos from one of the exchanges in poblado near lleras. Hotel Central Plaza gave me 2400 today. FYI.