PBH / Colombia / Forums (active) Travelguide Cheap hostels Pictures

Peso heading NORTE!!

The COP keeps rising against the USD.. 1654:1 So much for the Feds strong dollar policy AND the Colombian Govt's desire to have the COP at 2000;1...

Is it getting rough in Colombia, in terms of inflation, for the average Colombian, or is the economy booming that much, where the currency has risen almost 25% against the dollar since December?

I just read where wholesale prices were up a bunch in May, in the US.

By (Deleted user) on Jun 17, 2008, 09:04 in Friendly Talkzone.

gamm2 (☼Travelguide writer) says on Jun 17, 2008, 10:42:

Yeah Joel, it really does suck doesnt it? I never really thought about currency markets until recently either, but once it starts to affect you! I know some people think this is a tired topic on the forum but know that I am right there with you, commiserating. my boyfriend loves to tell me everyday how low the dollar is going. At first I used to ignore him, but now its like aghhhh. Thankfully I found out that my job is giving me a bottom exchange rate of 2000 for half of the money. So Im going to just try and live on that money and transfer the other amount into dollars right away and just use it for dollar purchases. Or I could even try to make a little money on it if it keeps going down. That seems a little complicated right now though..

0 funny, 0 helpful.

sloopskipper says on Jun 17, 2008, 10:58:

Yep, seems some of us are just too late to the party.

0 funny, 0 helpful.

BillBigD says on Jun 17, 2008, 22:11:

Colombian stock market didn't like the move down another 1%. 11% for the year

0 funny, 0 helpful.

webmanco says on Jun 18, 2008, 04:30:

Peso going North, Dollar going south, but dollars are scarse, maybe people think it would be hard for the dollar to go farther south.

No hay extremo cierto o verdadero, porque los extremos opacan, enruedan, (lavan cerebros) verdades. Yotas

0 funny, 0 helpful.