TRM just broke under 2000-1

Simon says on May 14, 2007, 08:56:

The peso is getting stronger? That's awesome! Go Peso, go peso, it's your birthday!!

HERE'S SIMON!!!!

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Gator says on May 14, 2007, 09:29:

We, Like... spigrimace, have not noticed any real difference-YET.

Here is historical(or hysterical, if you like) datum starting with January 1, 1997 and ending April, 2007.

1997 1,027.06 1,074.24 1,062.16 1,060.65 1,075.18 1,082.37
1,102.40 1,132.70 1,222.49 1,262.89 1,294.56 1,296.70
1141.08


1998 1,323.16 1,346.12 1,357.10 1,360.65 1,386.28 1,386.61
1,371.54 1,390.46 1,520.52 1,587.38 1,562.71 1,524.56
1427.04

1999 1,570.01 1,567.07 1,550.15 1,574.67 1,641.33 1,693.99
1,818.63 1,876.93 1,975.64 1,978.71 1,944.64 1,888.46
1758.58
2000 1,923.57 1,950.64 1,956.25 1,986.77 2,055.69 2,120.17
2,161.34 2,187.38 2,213.76 2,176.61 2,136.63 2,186.21
2087.42

2001 2,241.40 2,243.42 2,278.78 2,323.10 2,346.93 2,305.66
2,304.28 2,288.90 2,328.23 2,320.65 2,310.47 2,306.90
2299.77

2002 2,274.96 2,286.70 2,282.33 2,263.11 2,310.24 2,364.25
2,506.72 2,647.22 2,751.23 2,827.86 2,726.66 2,814.89
2,507.96

2003 2,913.00 2,951.86 2,959.01 2,926.62 2,858.94 2,826.95
2,858.82 2,867.29 2,840.08 2,876.20 2,844.55 2,807.20
2,877.79

2004 2,749.14 2,717.94 2,670.80 2,639.60 2,719.43 2,716.56
2,653.32 2,598.59 2,552.78 2,580.70 2,530.19 2,411.37
2,626.22

2005 2,362.96 2,340.49 2,353.71 2,350.01 2,339.22 2,331.79
2,323.38 2,306.19 2,294.52 2,292.55 2,279.85 2,278.91
2,320.77

2006 2,273.66 2,256.24 2,262.36 2,334.29 2,417.99 2,542.24
2,511.74 2,389.65 2,398.88 2,364.29 2,290.46 2,261.34
2,357.98

2007 2,237.06 2,227.63 2,201.39 2,144.60 (opened today-Dólar (TRM)
$2.029,20 at (9:30 am TRM 1.999,64,; Dólar Casas de
Cambio:buy 1870,sell 2058

Exporters are becoming very concerned and are putting lots of pressure on the government. We really lucked out when we bought the apartmento four years ago. I have also heard that anyone who has made an advance purchase of property(watch out Cartagena) will be in for a big surprise on that contract.



"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

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spigrimace says on May 14, 2007, 09:49:

I think inflation is very hard to gague in Colombia because the prices change so much. I buy gas, gasoline, cooking oil, eggs, cheese, etc. all in HUGE quantities for the restaurant and i can never get over how much the prices girate. The percent changes are rediculous

I paid one month for a "bulto" of sugar $84000 and then 6 weeks later $59000

A canasta of 30 eggs goes up and down between $3500 and $7000

Tomatoes went thru the sine curve as well where I was paying $1500/kilo, it went to $3000 and now we´re at $2000 all in a 6 month period.

A 2500g block of cheese slices (which i buy 10 blocks at a time) has gone from $13000 6 months ago to $22500 and now back to $13500.

Gasoline, cooking oil and gas go only in one direction. UP!

salt thankfully is always dirt cheap here by the bulto.

Arepas (minitela) thankfully have been 600 pesos for a pack of 10 wholesale for about 2 years now.

French fries also have not moved too much

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webmanco says on May 14, 2007, 09:53:

Dolarización Senator Gabriel Zapata Correa from Antioquía is proposing the "Dolarización del peso" following the experience of Ecuador.


¿Dolarización?.
Está en ciernes la que puede ser una de las noticias económicas del año en Colombia: El senador Gabriel Zapata Correa anunció a La Barca que propondrá al Congreso de la República que se proceda cuanto antes a debatir la probable dolarización de la economía nacional para salir de la actual coyuntura.

Planteamiento.
El legislador antioqueño declaró que dadas las circunstancias de la revaluación del peso colombiano y la experiencia de países como Ecuador, (que ya hoy se encuentra estabilizado en su proceso de dolarización), es preciso entrar a considerar dicha alternativa. Recordó que en muchas oportunidades consideró la presentación de tal propuesta en asocio con el finado senador Luis Guillermo Vélez Trujillo, quien la encontraba viable. Según empresarios del sector eléctrico consultados por el senador Zapata, se teme que el colapso de la divisa norteamericana pueda caer a unos niveles tan alarmantes que lo dejen entre los 1.800 y los 1.850 pesos, lo que sería catastrófico para los exportadores

...A yo, déjenme queto y no me jodan má! ...

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griffbos says on May 14, 2007, 11:54:

hmm while I hate seeing the dollar fall against the peso I hope they do not tie it to the dollar it would ruin Colombia in my opinion

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miamimike says on May 14, 2007, 12:01:

Gator, on my first trip down to Colombia 1n 1994 the Peso was around 800-820 if I recall correctly and I thought "What a Deal" which it was,,,Now around 2000,,,


Spigrimace-how much is a Gallon of Gasoline and a Gallon of Diesel?

"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.

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spigrimace says on May 14, 2007, 12:05:

miamimike: get your gas & weenies here! On la 80 in Medellin:

5290 deisel
6530 corriente
8580 premium

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miamimike says on May 14, 2007, 12:24:

Spigrimace-Diesel is still about .25 per gallon cheaper In Col then here in the Miami area,Using a 2000CP exchange rate. I payed $2.89 per gallon last night(north miami) for Diesel for my Car last night. I noticed when I passed the Chevron station on 5th street and Michigan in Miami Beach yesterday Premium was $3.65, Midgrade,$3.55 and Reg $3.44/gal. Andres Oppenheimer, the Miami Herlad's Latin AMerican Columnist had a large and controversial article onthe Price of Gas in the US (not for me though, he was spot on IMHO) in Sunday's Miami Herald paper.

http://www.miamiherald.com/421/story/101833.html

"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.

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Gator says on May 14, 2007, 13:36:

Mike.... that's about right but I will forget the good old days of 130/1

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

"Brevior Sltare Cum Deformibus Mulieribus Est Vita!" .

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miamimike says on May 14, 2007, 13:45:

Wow, 130:1,,, Gator That is really dating oneself! LOL

"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.

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Waterdawg says on May 14, 2007, 15:00:

Ecky - Door & the dollar ! Been there done that ( for two years ) They still have not recovered from dollarizing !! I would hate to see Colombia go down that road ..

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Buongone says on May 14, 2007, 17:27:

Gator Looks like 2003-2004 were some good investor years. It jumps around alot. Unstable.

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