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Today the exchange rate closed at 1 dollar = 1,945 pesos.
This is terrible for foreign investors who have US dollars and plan to invest in Colombia. This is great for those who bought properties or invested in Colombia prior to 2005.
Where will be the exchange rate later this year? any guesses?
By ColombiaBoard on Jan 14, 2008, 10:17 in Friendly Talkzone.
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Albatross says on Jan 14, 2008, 10:31: When I was there a few weeks ago, it was only 1,600 per dollar... what's up with that ? “Democracy - a pathetic belief in the collective wisdom of individual ignorance." - H.L. Mencken 0 funny, 0 helpful. |
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RealEstateCOL says on Jan 14, 2008, 10:45: Albatross, someone ripped you off !!!
0 funny, 0 helpful. |
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wendell13 says on Jan 14, 2008, 10:48: In 2007 the dollar lost about 11% and Colombian inflation was about 6%. That is 17% loss of purchasing power. If 2008 is like 2007 I will be moving to another country.
0 funny, 0 helpful. |
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gabolicious says on Jan 14, 2008, 10:52: so... the economic situation in Colombia is good or bad? Elección no canonización.... 0 funny, 0 helpful. |
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panthdave says on Jan 14, 2008, 11:02: Depends on your life style and needs???? I could live in Europe if I wanted as long keep low key...and live like the locals...Living in a small apartment along the France or Italy Riveria actually sounds nice...You can live anywhere if you want...even with a low budget..even Monte Carlo..and work as a waiter in a outside cafe.. panthdave Miami 0 funny, 0 helpful. |
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gabolicious says on Jan 14, 2008, 11:06: well panthdave I guess you have answered my question... "depending on my life style"? well let's leave "my" life style out... Elección no canonización.... 0 funny, 0 helpful. |
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scumbuster says on Jan 14, 2008, 11:37: I wouldn’t mind exchanging some dollars for pesos if it didn’t cost as much as the gain would be. My wife has an account in Colombia but it charges her to receive money to it from our bank here :p I have heard horror stories about missing money from Colombian banks too. Living in the US it would be imposable to iron out any problem there. Lord Acton: "Power tends to corrupt, and absolute power corrupts absolutely" 0 funny, 0 helpful. |
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tasco66 says on Jan 14, 2008, 11:41: The US dollar is weak against most currencies: The trouble with free elections is, you never know who is going to win (Leonid Brezhnev) 0 funny, 0 helpful. |
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Tinto (Moderator) (Trustee board) says on Jan 14, 2008, 12:06: Interesting tag line you've got there. I missed the festivities. I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi. 0 funny, 0 helpful. |
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RAAAY says on Jan 14, 2008, 14:48: robi666 says on Monday January 14th, 2008 10:28: .........Its useless to argue with ignorance 0 funny, 0 helpful. |
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RAAAY says on Jan 14, 2008, 15:20: NAW.........F**k that...........I'm still trying to unload a bridge and a Tower that I bought a few years ago........... .........Its useless to argue with ignorance 0 funny, 0 helpful. |
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scotty says on Jan 14, 2008, 15:24: thats what you call a plunge? Get Rhythm, when you got the blues. Johnny Cash 0 funny, 0 helpful. |
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miamimike says on Jan 14, 2008, 17:28: Look for a reversal in the Dollar's misfortune starting on or around Jan 15 2009,,, Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte después Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte de 0 funny, 0 helpful. |
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miamimike says on Jan 14, 2008, 17:34: New Prez in the US is sworn in,,, Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte después Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte de 0 funny, 0 helpful. |
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goin_south says on Jan 14, 2008, 17:36: dollar P.L.U.N.G.E.S???..... against Col Peso???? You call that plunging? That's creepy.
0 funny, 0 helpful. |
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diabloblas says on Jan 14, 2008, 18:25: i should have guessed where you were going with that mike..but it won't make any difference as i'm sure you know
0 funny, 0 helpful. |
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scotty says on Jan 14, 2008, 18:36: things are bad all over and it may get even worse. Get Rhythm, when you got the blues. Johnny Cash 0 funny, 0 helpful. |
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goin_south says on Jan 14, 2008, 18:38: It's what's goin_on betwixt su oidos, scotty.
0 funny, 0 helpful. |
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john_stark says on Jan 14, 2008, 18:55: The US dollar is going to keep going down as long as Helicopter Ben keeps lowering interest rates trying to ward off the recession that we are already in. He won't be satisfied until it's worth less than the Charmin we're wiping our asses with.
0 funny, 0 helpful. |
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miamimike says on Jan 14, 2008, 22:40: Diabloblas--out of Curiosity, when did the Dollar start heading South and what world event, if any, was its decline linked to,,, Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte después Bésame, bésame mucho Como si fuera esta noche La última vez Bésame, bésame mucho Que tengo miedo a perderte Perderte de 0 funny, 0 helpful. |
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goin_south says on Jan 14, 2008, 22:50: j_s, can you send me a few rolls of Ben Franklins?
0 funny, 0 helpful. |
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panthdave says on Jan 15, 2008, 04:18: I thought if the US goes into Recession the Peso would weaken because of the ties with the United States...instead the Peso strengthens... panthdave Miami 0 funny, 0 helpful. |
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gabolicious says on Jan 15, 2008, 05:57: "I thought if the US goes into Recession the Peso would weaken because of the ties with the United States...instead the Peso strengthens..." panthdave... I'm with you... I don't understand this thing... Elección no canonización.... 0 funny, 0 helpful. |
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aztec says on Jan 15, 2008, 06:57: miamimike says on Monday January 14th, 2008 17:28:
0 funny, 0 helpful. |
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Tinto (Moderator) (Trustee board) says on Jan 15, 2008, 07:01: Actually, GIB, some exports have responded in textbook fashion to the weak dollar but that's largely offset by our insatiable thirst for ever-higher priced oil, so the net number doesn't change all that much. It's time for a painful, but necessary, recession. Some say we're already in one. I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi. 0 funny, 0 helpful. |
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diabloblas says on Jan 15, 2008, 16:02: miamimike...you're asking me when the dollar started going south & what world event started its demise?
0 funny, 0 helpful. |
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laboquita says on Jan 15, 2008, 16:08: Don't worry! A World Leader will soon arise, true Christians will vanish, and everything will be great!!! ( for 3 1/2 years) There will be FANTASTIC prices on unclaimed property of all kinds!!
0 funny, 0 helpful. |
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aztec says on Jan 16, 2008, 11:31: laboquita: " A World Leader will soon arise, true Christians will vanish, and everything will be great!!! ( for 3 1/2 years) There will be FANTASTIC prices on unclaimed property of all kinds!!"
0 funny, 0 helpful. |
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goin_south says on Jan 16, 2008, 13:00: ...and I saw an exchange rate today of UNDER 1900 PESOS per dollar...
0 funny, 0 helpful. |
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poco says on Jan 17, 2008, 10:24: Does this mean that those who believed you could live like a king on 1000 U.S. dollars a month 4 or 5 years ago need $1400 in 2008? Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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poco says on Jan 17, 2008, 12:27: Quote: The IGBC dropped more than 4% in two days. one would think that would be news. pretty funny. Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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poco says on Jan 17, 2008, 12:40: Quote: ...and I saw an exchange rate today of UNDER 1900 PESOS per dollar... Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need. 0 funny, 0 helpful. |
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