US Dollar strengthening against COP? COP 2404 to $1 USD

calipro says on Mar 28, 2005, 09:53:

Just a prediction.. As the prime rate goes up. The dollar will become stronger against the Colombian Peso.

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utopiacowboy says on Mar 28, 2005, 09:54:

The Colombian government does not want a strong COP against the dollar so for them this is a good thing. A strong COP weakens exports to the US and has been responsible for some business closings in Colombia.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

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elmodefoque says on Mar 28, 2005, 09:59:

for us visiting colombia from usa means more money for booze and broads.

I'll get there, when I get there!

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lpdiver says on Mar 28, 2005, 10:06:

And for us Supporting loved ones in Colombia, it means the money goes much further.

Tony

"cook some rice!"

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elmodefoque says on Mar 28, 2005, 10:08:

yeah, that too! my grilfriends are getting a little more money now.

I'll get there, when I get there!

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Albatross says on Mar 28, 2005, 10:43:

$$$ It's about time... the dollar hasn't been worth a crap anywhere else lately.

“Democracy - a pathetic belief in the collective wisdom of individual ignorance." - H.L. Mencken

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Saltador says on Mar 28, 2005, 13:37:

toneloc24 Where are you confirming this info? El Universal has the exchange rate nowhere near this. Sure hope it's true :-)

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toneloc24 says on Mar 28, 2005, 14:02:

www.xe.com - this is one of the most accurate foreign exchange sites on the web. After someone alerted me to it, I've been using it for years.

http://www.xe.com/ucc/convert.cgi

It's at 2399.50COP to $1USD at the moment of this posting.

"PBH is dead!!!!"

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fill says on Mar 28, 2005, 14:09:

bloomberg shows 2401.55

fill

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YEP says on Mar 28, 2005, 14:19:

Just out of curiousity .... isn't the truth for people going
there to be found at the atm machine ;-)

-------------------------------------------------------------------
Just another scandinavian getting ready to explore South America

------------------------------------------------------------------- Just another scandinavian getting ready to explore South America

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Gator says on Mar 28, 2005, 20:19:

Will Get Stronger the TRM rate today's paper, "El Tiempo", $2.382,30. This is the most accurate for use in Colombia. The central bank has been buying dollars so the exchange rate will continue to benefit dollar holders. Remember, Colombian economany gets hut when the dollar falls(less for the coffee and floweres to name a couple).

Tinto is correct and I also like Oanda at www.onada.com

Save those yankee dollars-it will increase.

"Credidi pretio parvo emere et magno vendere tibi in animo fuisse!" .

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poco says on Mar 29, 2005, 10:08:

Home Buying Onada.com Java based FX charting tool offers a multitude of options for a 10 year time.

CSV data can be obtained for up to 2000 days. This is a link to a csv excel chart made from onada data for prospective Colombia home buyers.

Home Purchasing Power Graph

"When you men get home and face an anti-war protester, look him in the eyes and shake his hand. Then, wink at his girlfriend, because she knows she's dating a pussy." Quote - General Tommy Franks

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juanalejo says on Mar 30, 2005, 10:52:

Short term devaluation: Sorry it is in Spanish, but it was just a note from my new bulletin.

lanota.com - La reciente subida del dólar y baja en el índice de la Bolsa hacen parte de una "corrección" de corto plazo y no se debe interpretar como una tendencia a largo plazo. Esta corrección se ha dado en toda América Latina y algo tiene que ver con la idea de que las tasas de interés en Estados Unidos podrían aumentar más aceleradamente que lo previsto inicialmente. Los fondos de pensiones, con Porvenir a la cabeza, estuvieron detrás de la mayor demanda de dólares en estos días de semana santa. Sin embargo, las condiciones estructurales del sector externo de la economía colombiana muestran que en 2005 el peso se mantendrá, en términos generales, fuerte frente al dólar. Por otra parte, la economía colombiana crecerá en 2005 a una tasa superior a la de 2004. Todo ello no quiere decir que durante unos días o unas semanas no se presenten movimientos del índice de la Bolsa y de la tasa de cambio en sentido contrario a las tendencias de largo plazo. Pero cuando eso sucede, algunos analistas que no ven el bosque sino la rama de un árbol -lo que sucede a muy corto plazo- lanzan aseveraciones ridículas como la de que "terminó la revaluación del peso" o de que "la Bolsa ya alcanzó su máximo". Poco de lo que pueda pasar en dos o tres semanas en los mercados, o incluso en uno o dos meses, proporciona bases sólidas para extrapolar y concluir sobre las tendencias de largo plazo.

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