$1....1793 cop

RAAAY says on Mar 22, 2008, 18:40:

....
.

.RAAAY says on Thursday February 28th, 2008 6:41: edit

..........1700 in 3 weeks...................seems very quick.................I would'nt rule out high 1700's.......................maybe 1799...................


.

.........Its useless to argue with ignorance

ColombianoGringo says on Mar 22, 2008, 18:43:

Are you that hungry for validation from an internet forum?

RAAAY says on Mar 22, 2008, 18:46:

Absolutely............it's all I live for............


.

.........Its useless to argue with ignorance

Gator says on Mar 22, 2008, 18:49:

Whose rate??? I use only the central bank's (Banco de la República) rate $1.815,65)

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

DodgerDogs says on Mar 22, 2008, 18:51:

Strong pesos make weak gringos :)

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

robi666 says on Mar 22, 2008, 18:51:

You're a fucking genius!

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

ColombianoGringo says on Mar 22, 2008, 18:53:

That looks like XE's live rate. It has been like that since last night. BTW Raay, I am just giving you the business, but "Look at me. I was right" is a bit grade schoolish.

RAAAY says on Mar 22, 2008, 19:40:

C.G.........I hope I never grow up...............and the way things are going ......it looks like I won't.......


Rise Peso............RISE..............

Thanks for the video D.D.....


.

.........Its useless to argue with ignorance

robi666 says on Mar 22, 2008, 19:43:

i just got an email from CG: he says that you're a genius.

(Don't say anything CG... dementia senilis... try to be compassionate.)

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

RAAAY says on Mar 22, 2008, 19:50:

Robi...........I already know that...............

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.........Its useless to argue with ignorance

miamimike says on Mar 22, 2008, 19:50:

In '95,, used to be around 600,,,,1700 still not bad

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.,

RAAAY says on Mar 22, 2008, 19:52:

1500 around August.................then a slow ride to 1000.........


.

.........Its useless to argue with ignorance

jonas says on Mar 22, 2008, 19:57:

besides the couch potato and myself who else here is in import business or for whatever reason likes a strong peso?

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

RAAAY says on Mar 22, 2008, 20:07:

" couch potato ".......f**k.............Today......6.30am departed Medellin on moto with "her indoors' and two dogs.......Took the back road through Llana Grade, La Ceja.........breakfast in San Antonio...............Arrived at Los Lagos Finca Hotel around 10am...........Spent 4 hours hiking through the hills around La Union..........back to Los Lagos for lunch..........then two horses, "her indoors" and the two dogs set off on a 3 hour ride............

Back to Medellin in time to catch a good movie.......more food......two bottles of nice vino from Chile.
Check dollar/Peso rate to discover the whole day was paid for with a little upward movement in the good old Peso......

Anyone for an imported sofa ?

.

.........Its useless to argue with ignorance

robi666 says on Mar 22, 2008, 20:16:

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

droble77 says on Mar 22, 2008, 20:20:

Depressing. :( There are few currencies that have stayed stable to the dollar. I think the Argentinian peso is still a decent deal. But the COP under 2000 and the Brazilian real under 2.0 is not a lot of fun for me. These past several years of the Bush policies, combined with certain other factors, are starting to take their toll. The sad part is that many people believe the dollar MUST go down even further before the U.S. will be able to dig itself out of this economic and fiscal mess it is in. . .

miamimike says on Mar 22, 2008, 20:45:

Droble77 ;Maybe a change will begin on Jan 15, 2009 from around Noon to 2:30 pm,,,,

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.,

Frank Rizzo says on Mar 22, 2008, 20:52:

I'm going to dump several employees after april due to the sinking dollar.

nine inch nails says on Mar 22, 2008, 21:48:

es Ok. Bash the US and Gringos now because we are down and lickin our wounds. But when US down before came back even stronger.

When the next war with neighbors threatens or becomes a reality we'll see how the dollar sits.

Viva Mexico where my money still goes very strong thanks to guerras de drogas hacen (naciado) en Colombia!!!!!!!

H

get down, get down

RAAAY says on Mar 22, 2008, 22:07:

Who was bashing the U.S...??

.........Its useless to argue with ignorance

Robert Jorge says on Mar 22, 2008, 23:37:

So: basically, if somebody had the means (money to invest), they could buy Colombian pesos right now - make a 100% return - and make half a million dollars on a 500 thousand dollar investment? Why doesn't everybody do this if it is that easy?

--"I believe in making the world safe for our children. But not for our children's children, because I don't think that children should be having sex." - Jack Handy

Catfish35 says on Mar 23, 2008, 01:41:

The dollar will sink further, no doubt, the Federal Reserve cannot go much lower in cutting interest rates to attempt to stimulate the economy. People are scared and do not know what to do in the US.
This past Sunday in my local paper I checked foreclosures and verified 14 customers of mine in my POS system. No doubt shit is bad ! Once the Fed Reserve decides it goes no further downward they will have to go the other way. When this happens people will really panic. The worst is yet to come, no matter who gets in the Whitehouse!
The war has cost us over $600 Billion plus. First time in history we cut taxes in a war. gas is at all time high, yet Exxon/Mobile reports US records for Corporate profitablity..ever.. the shit list goes on and on. It has taken us 7 years to dig this whole. On the bright side the dollar is not dead and still carries extreme weight.
Even in its current state world economies continue to weigh their money against it! I believe that if the Dollar was totally worthless somebody somewhere even here would get on this site and say "hey my peso, or euro or what the F#ck ever paper is worth this or that against the dollar!
I see interest rates going back to 9 or 10%, Christ, I remember refinancing my house and buying my place in Ecuador at 10.5% and that was good back in the day.
When you look at other economies right now they are doing well, ie, Germany, and others, but it won't last! Look at Ireland's boom and fizzle! Still and force but certainly chilled out, no? What do we really have to look forward to as a leading currency? The F#*king Euro? Thats good for now, but remember Russia is fanning its embers and as history goes they will Frig up Europe once again! China? Sure they are coming on like an unstoppable freighter but they are communists. They will only be able to fill their pockets so much, what they make they keep, or just buy you up or out.
No, stick around, it will get bad yet before we turn the corner but the world needs the democratic, "false sense of well being", meddling good ole USofA. The world still looks to the USA for the nod in everything in the end.
After all, they all think that the Terminator, Rocky, Robo Bots, the Bill Gates, Google makers are the shit. Our colleges and universities are still the picks for now, our hospitals like Johns Hopkins, Mayo, and the rest have world accomodations...I give you this, shit is bad, but ride it out what the hell choice do you have?.I f you really didnt give 2 shits you would not be here posting and forecasting about it.
Ben Franklin might be physically dead, but he is still the most counterfeited bastardo in the world!
Viva la America!

" Say hello to my lil' friend"Tony Montana

tomtom33 says on Mar 23, 2008, 06:00:

"...yet Exxon/Mobile reports US records for Corporate profitablity..ever.. "

Your costs stay fixed and your prices skyrocket. Shouldn't you, then, have record profits?

Waterdawg says on Mar 23, 2008, 06:56:

Frank , there in lies the real problem , not a Gringo here or a Brit there..

jarhead says on Mar 23, 2008, 10:10:

Interesting how some people on here are so happy about this whole "U.S. dollar tanking" against the peso thing, they claim to love Colombia so much, etc.etc.etc....well there are ALOT of Colombians feeling the pain of this whole revaluation crap, there are a shitload of them losing their jobs right now, and a whole lot more about to...I for one have let go of some, and will let go of more as we head for the magical $1,000COP to $1 dollar mark.........................
I belong to several exporter organizations, and the news is not good, and it will not be getting any better, anytime soon, there are plans that are going to be put into action here soon, that will result in the loss of ALOT of Colombian jobs........I wonder how happy/cheerful those out of work people are about this whole revaluation thing?????????

robi666 says on Mar 23, 2008, 10:11:

Who seems happy jarhead? I did not notice it, i guess most of the people on PBH got beaten as well... names please.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

jarhead says on Mar 23, 2008, 10:12:

I read this forum everyday, I do not say much, but I read it everyday, there are alot of happy members on this forum who think it's just the greatest thing in the world, what is going on right now.......

robi666 says on Mar 23, 2008, 10:13:

I read it everyday and did not notice it... who?

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

jarhead says on Mar 23, 2008, 10:15:

let's just leave it at that, you do not notice it, I do, I do not want to get into a silly pissing match with you, or anyone......

robi666 says on Mar 23, 2008, 10:17:

Not with me jarhead, cool... :) I really did not notice it.
The only silly matches i do are with Ray, and they are not for real.

"I am a citizen of the most beautiful nation on earth. A nation whose laws are harsh yet simple, a nation that never cheats, which is immense and without borders, where life is lived in the present."

deathnova says on Mar 23, 2008, 10:34:

I'll start a new topic to voice my opinion on this one.

morphus says on Mar 23, 2008, 10:40:

Just earn more dollars! I never needed a lot pf pesos in Colombia anyway.

Frank Rizzo says on Mar 23, 2008, 10:40:

Jarhead...you make a very good point.... i'll keep remodeling cali...but won't even think of starting on medellin until there is some upward change.... i'll drop off probably 10 workers in the next month as a start. They definately feel the pinch in colombia from what i'm hearing.

gringoloid says on Mar 23, 2008, 11:24:

i happen to know jarhead personally and have been to his business and i can tell you that he works very hard and this weak dollar must be hurting.

gringoloid says on Mar 23, 2008, 11:28:

i had a conversation last night with an old member and i asked him, 'why don't you post any longer?'

he said that there is a lot of nastiness around here and he just doesn't want to get involved in all the pissing matches.

Interesting.

deathnova says on Mar 23, 2008, 11:58:

I noticed that from day one, how long did it take him to figure out? lol.

Saltador says on Mar 23, 2008, 13:27:

jarhead,
I agree with you that a lot of posters on here are celebrating the fall of the dollar.
I just chalk it up to (in some cases) they are just bored and trying to get a rise out of people.

ColombianoGringo says on Mar 23, 2008, 16:57:

The weak dollar doesn't just hurt gringos. It also hurts Colombians living in the US who send money to their families back in Colombia. It also hurts American NGOs that do work in Colombia and other places.

RAAAY says on Mar 23, 2008, 17:21:

The strong Peso will have a negative effect on some companies........and on individuals whose earnings are in dollars. But in the general scheme of things, it will have a positive effect on the country as a whole.

Remember, the Peso is getting stronger for several reasons. The growing Colombian economy is one of them. Huge inflows of FDI is another.

Although you cannot compare Brazil to Colombia in many ways. I have spent a lot of time in Brazil. The Real has more than doubled in value against the $ in the last few years. But yet, small and medium companies in Brazil are doing even greater export business. This is because they have had a huge drive to aqquire more and new customers.

Jarhead.........apart from myself, and perhaps, one or two other importers, I do not see many here on PBH " celebrating " the strong Peso.

.

.........Its useless to argue with ignorance

RAAAY says on Mar 23, 2008, 23:14:

Rub...............I would say even less than 15 years,,,,,,,,,,,,,their transformation into a dynamic, export orientated economy. really took off after Lula came into power. The energy, that the various goverment agencies apply to helping companies with exporting, is truly phenomenal. They fan across the globe to every imaginable type of trade show.

Interestingly, the authorities concentrated most of their energies on Russia, China, Korea, India, Europe, Australia and the Middle East. If the US spends a little time in the toilet, it's not going to have much effect on Brazil.

Colombia seems to be at the very early stages of developing more non-traditional export business. The Pro-Export people that I have met, all seem enthusiastic, young and very smart. In my humble opinion, they have a ways to go, but they are heading in the right direction.................we'll see how it pans out.


.

.........Its useless to argue with ignorance

jonas says on Mar 24, 2008, 09:43:

p

What I have, I do not want to lose, but Where I am I do not want to stay, but those I love, I do not want to leave, but those I know I no longer want to see, but Where I die, I do not want to go;I want to stay where I have never been

miamimike says on Mar 24, 2008, 10:44:

Not to mention some of these south american countrie's export economies are Commodity driven so they kust happened to be in the right place at the right time. Countries like Chile-Copper, Argentina-soybeans ect., Venezuela--Oil, Brazil-Ethanol. Brazil gets credit Bigtime for developing their Flex-fuel car concepts and Alternative fuel industry.

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? ... That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.,

Saltador says on Mar 24, 2008, 11:29:

Dollar moving back up at around 1820 today...

jarhead says on Mar 24, 2008, 12:59:

My work has to do with the classic car industry, alot of the products that are on the market today are made in China, and the Far East....we (a group of enthusiasts) saw a lot of potential in Colombia a few years back, I made the move, and set up a small manufacturing plant, the Dollar was at almost $2,800, we have seen the dollar steadily lose ground here in Colombia.....the idea was to bring in ALOT of manufacturing here to Colombia, we have cotracts with BIG players in the classic car industry, but the way it looks right now, my potential investors see this place as too unstable, the currencey fluctuations make them nervous, Chavez makes them nervous...it took a long time just to convince people that the crates of parts sent north from here were not going to have any cocaine in them, it took time to work thru all the bullshit, the stereo typing etc.etc..........we have been trying to hold on, and stay put, and we could probably keep going for quite a while, but in this business, you either grow, or dissapear.... the problem is, the currency going up, the currency coming down, there is no sense of stability, prices fluctuate wildly(for steel at least)...fuel prices are incredibly high for a "producing" country, add to this, the occasional temper tantrum by our inmature neighbors, and you have a "never a dull momment" type of situation.....daily.....that's ok if you are a retired american looking for fun, or a "drop out" hiding down here, but for a manufacturing business getting ready for a major "growth spurt", this is not good.......we might have to find a quieter neighborhood......in the end, it's always the Colombian worker, and his family who winds up "taking it in the shorts", sort of speak...not good....

jarhead says on Mar 24, 2008, 12:59:

My work has to do with the classic car industry, alot of the products that are on the market today are made in China, and the Far East....we (a group of enthusiasts) saw a lot of potential in Colombia a few years back, I made the move, and set up a small manufacturing plant, the Dollar was at almost $2,800, we have seen the dollar steadily lose ground here in Colombia.....the idea was to bring in ALOT of manufacturing here to Colombia, we have cotracts with BIG players in the classic car industry, but the way it looks right now, my potential investors see this place as too unstable, the currencey fluctuations make them nervous, Chavez makes them nervous...it took a long time just to convince people that the crates of parts sent north from here were not going to have any cocaine in them, it took time to work thru all the bullshit, the stereo typing etc.etc..........we have been trying to hold on, and stay put, and we could probably keep going for quite a while, but in this business, you either grow, or dissapear.... the problem is, the currency going up, the currency coming down, there is no sense of stability, prices fluctuate wildly(for steel at least)...fuel prices are incredibly high for a "producing" country, add to this, the occasional temper tantrum by our inmature neighbors, and you have a "never a dull momment" type of situation.....daily.....that's ok if you are a retired american looking for fun, or a "drop out" hiding down here, but for a manufacturing business getting ready for a major "growth spurt", this is not good.......we might have to find a quieter neighborhood......in the end, it's always the Colombian worker, and his family who winds up "taking it in the shorts", sort of speak...not good....

jarhead says on Mar 24, 2008, 13:16:

I have been to China, I have been to big the factories, right before I moved down here, that is a place, and a people I do not want to do business with, the quality is not there, unless I want to move my family there, and be on the factory floor all day....China is not the panacea (as far as manufacturing goes) that most people believe it is.....there are ways to compete with China, and beat them....we cater to a customer who does not want anything to do with Chinese made products being installed on their cars......besides, I would rather create jobs here in Colombia, than move my manufacturing to the far east....

jarhead says on Mar 24, 2008, 13:29:

yeah, people are like that though.......people are very finicky with their investments, especially when it comes to "third world" countries, and speically when their money is going to be "on the ground"....it's a big difference when you buy into a third world growth fund here and there, it's another thing altogether when an investor puts his money into funding a production facility, the machinery located in that facility, labor, with all the problems that brings...etc,.etc.etc....

nine inch nails says on Mar 24, 2008, 13:56:

I don't think so. A weak dollar is not good for CO or Europe. Europe very concerned now their exports will be going down.

get down, get down

nine inch nails says on Mar 24, 2008, 13:58:

and then there will more riots in the streets like in say Paris a couple years back because Govt. won't have the tax revenue to pay for more Govt. programs to keep the natives from becoming restless. If dollar continues to stay low big big prolems for Europe forthcoming.

get down, get down

pedro says on Mar 24, 2008, 14:56:

Speaking of Brazil. They have a phrase "jogo de cintura" (translation -- hula hoop). It describes the entrepreneur who has to be constantly in motion to keep the hula hoop spinning. He is always changing, refining, adapting as economic conditions whipsaw around him.

Brazilian business had to face externalities like hyper-inflation, huge swings in the exchange rate, monetary revalations. Companies either coped with it, or became roadkill.

PBH's exporting guys (jarhead, waterdawg...) have been complaining about the appreciating peso for ages now. This is the 21st century, you guys have all the opportunity in the world to put hedges in place for your currency exposure. This is standard practice in the companies I invest in or analyse. I'm not sure why you guys don't hedge away this risk if it's company threatening?

que nota!

jarhead says on Mar 24, 2008, 15:26:

I think you guys are right about "trying" to do any sort of exporting out of Colombia....... short of Cocaine, Heroin, Meth, organized crime, Oil, Flowers(soon they will be getting killed), Coffee(they are getting killed also), Coal, and all the other "traditional" exports....you are pretty much "dead in the water" sort of speak....maybe it's time to head to China, India, Bangladesh, Vietnam(the new China), and take advantage of the slave labor there.......:):):):):)

jarhead says on Mar 24, 2008, 16:26:

Colombia's internal classic car market is really very small, it is controlled by a handful of traquetos and oligarcas, we already buy here in Colombia, Venezuela, Ecuador, Peru, and other countries, and export worldwide, we already import from the U.S., restore and sell here, and other countries in South America...we are also the only company in the world to offer a certaing brand of classic car built 100% in Colombia, we are about to start exporting these vehicles as kits, to be assembled in the U.S., the U.K., Mainland Europe, Australia, and South Africa...

Frank Rizzo says on Mar 24, 2008, 16:32:

So Jarhead..... after what age can we import a car in from the US?? thanks.

goin_south says on Mar 24, 2008, 16:41:

I think the "Catfish Commentario" above rings alot of truth.

and, thank you.

jarhead says on Mar 24, 2008, 16:43:

it has to be 30, and in some cases 35 years or older, you have to get your import licenses from MINCOMEX before you actually start the import proscess, then you will have to have the "higher ups" at the club de antiguos y claiscos de colombia, give you their blessing, they will write a leter to the Dian saying that the car in the pictures that you submitted, indeed looks like a classis, once the car lands in Colombia, they will do a full inspection, along with the DIAN, and give the DIAN their ok.....it's more involved than this, but these are the basics..........if you want to import a "regular" used car, or bike, there are several other ways of legally doing so, but as always, very expensive, and troublesome.......

Frank Rizzo says on Mar 24, 2008, 16:46:

Jar...are you aware of any grand nationals in colombia for sale?? That's what i'm wanting and still a bit too young based on your info... thanks..

jarhead says on Mar 24, 2008, 16:49:

there are a couple out there, not for sale, but then again EVERYHING is for sale in Colombia, it really depends on your budget....

Frank Rizzo says on Mar 24, 2008, 16:53:

Thanks..PM sent

DodgerDogs says on Mar 27, 2008, 11:39:

What is todays rate ?

Our lives begin to end the day we become silent about things that matter.Martin Luther King:

gringoloid says on Mar 27, 2008, 11:41:

I'm looking at 1805.300...................is the peso strengthening up for the for first of the month,like the last 10 out of 12 months?

Saltador says on Mar 27, 2008, 13:28:

eltiempo.com at 1821, bloomberg.com at 1809.

RAAAY says on Mar 27, 2008, 13:51:

xe 1805

.........Its useless to argue with ignorance

durito says on Mar 28, 2008, 10:45:

Dollar rallying today

1830.75