USD 1 = $1,858

nevertrustapaisa says on Oct 8, 2009, 12:10:

I'm importing more products from outside Colombia rather than lose purchasing power within Colombia.

Colombian exports are going to suffer due to the strong Peso now.

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teeo9111 says on Oct 8, 2009, 13:08:

I just stay my full 60 days allowed instead of flying to Colombia once a month for a week. That saves a bunch on airfare and helps negate the shitee exchange rate. I won't invest in Colombia until I am here full time for at least a couple of years and understand and learn the culture and system of doing business first hand.

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davidyamiga says on Oct 8, 2009, 13:20:

You have to take the good with the bad. I have invested in Colombia and will continue to do so. The same situation took place in the USA last year, where my investments lost 40% of the value. Life goes on...

Otra vez en casa...Cali!

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stocktrader says on Oct 8, 2009, 13:27:

as the dollar goes down in value current investment in pesos are worth more dollars. My apartment in Bogota is worth 20% more in dollars at the same peso price that i paid for 7 months ago. same goes for stocks, bonds or for the value of any business with cash flow in pesos.

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bufalo says on Oct 8, 2009, 13:52:

I guess that sucks for all the people that bought when the peso was close to 3.000 and now want to sell...

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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perezoso says on Oct 8, 2009, 14:32:

Where's the dude that kept confidently insisting a few months ago that the peso would be at 3,000 by year's end? Looks like it ain't happening... wonder if he'll show his face in this thread.

Actually, if you bought pesos a while back and want to cash out into dollars now, things are looking good for you. I bought a place in Bogotá a few months ago with pesos bought at an average of 2275. If I cashed out today, just like Stockbroker, I'd realize a theoretical appreciation of about 20% just on the exchange rate fluctuation.

But I think its going lower before it comes back up. (It will come back up, though.)

Of course, if inflation then takes off in the US, people that cash out might be wishing they still had pesos.

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misterfinger says on Oct 8, 2009, 14:52:

I Am soon in novem,ber in Bogota How much bad is this will it get????? I shall arrive early in november any updates on this?

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La_Huella says on Oct 8, 2009, 14:56:

great for me... oh yeah.... and I TOLD YOU SOOOOOOOOO

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misterfinger says on Oct 8, 2009, 15:12:

When will this come back up???? Now on this trip I must stay at 15 mil pesos a night hotels,,,Which is hard to find in Colombia,,,OK I am traveling on like 900 a month cash for many months I have it saved up and divided in to my debit card,,,How long Can I do Cololmbia for like 850 or 900 a month???? I am though heading to Bucarmanga for awhile,,,Any info on cheap hotels or should I start lokking in the mundos annuncio for a place when I arrive,,This Sucks Big time,,,Help SOOS Ship is shinking with the dollar in Colombia...

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cstew47 says on Oct 8, 2009, 16:54:

sure plays hell with the SSA check

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misterfinger says on Oct 8, 2009, 17:01:

Will this be in early november then 1600??? PLease help on this Why is it so up and down in Colombia?????

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utopiacowboy says on Oct 8, 2009, 17:08:

You'll be using US dollars to wipe your asses since it will be worth less than toilet paper.

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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misterfinger says on Oct 8, 2009, 17:10:

SO How will I survive on this????

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La_Huella says on Oct 8, 2009, 17:22:

Calm down dude... it's not hard to find hotels for 15k a night in Bucaramanga.... 900 a month is still over a million and a half pesos.... you won't be getting prepagos every night but you'll eat and do what you gotta do...

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cstew47 says on Oct 8, 2009, 18:57:

It's currently at 1894. Let's hope the rally holds.

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Paisa/Calena/Luver says on Oct 8, 2009, 19:03:

Why LaHuella, how much are prepagos?

"PAY ATTENTION! I wonder if that person knows that when we push the FUNNY button, its because we are reading something outrageous, trying to be cynical, derogatory, sarcastic and/or obnoxious!"

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bufalo says on Oct 8, 2009, 21:00:

Sorry about that I meant people who sold in the states and invested in Colombian property when it was 3.000 and now need to sell and move back.

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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stocktrader says on Oct 8, 2009, 21:59:

bufalo says on Oct 8, 2009, 21:00 (today): flag

Sorry about that I meant people who sold in the states and invested in Colombian property when it was 3.000 and now need to sell and move back.


those people made a killing. they made about 80% in currency apreciation alone. the dollar reached that level back in 2001-02 property values in colombia have doubled even tripled in that time, plus a nice 80% in the currency. someone who invested in that time and is cashing out today to buy dollars made a mint.

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whitewidow says on Oct 8, 2009, 22:00:

i have switched from old parr to aguardiente and from la blanca pura to bazuco........... no worries. there are always strategies to weather the storm.

I'm no doper! I just play one on TV.

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apeters says on Oct 8, 2009, 22:18:

its now at 1859 according to bloomberg.com

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misterfinger says on Oct 8, 2009, 22:25:

UMMMMMM I Hope it can stay at this in November and December too...

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davidyamiga says on Oct 9, 2009, 04:27:

I would have liked it if the exchange had stayed at around 2,000 until June. But beggars can't be choosers!

Otra vez en casa...Cali!

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pilotguy says on Oct 9, 2009, 09:25:

Whitewidow, I was just introduced to old parr the other day at a bullfight. Man, that stuff is great. Guess I been living in a cave.
Joe

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bufalo says on Oct 9, 2009, 11:11:

Ignore my comments.... sleeping 3 hours a day has made me a bit batty...

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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misterfinger says on Oct 9, 2009, 14:38:

Guess I will just have prepagos on weekends cut off on weekdays,,,L:OL....

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El Expatriado says on Oct 9, 2009, 16:47:

Sucks. Luckily most of my investments are in $Can.-

1000 in a year won´t happen. It´ll wreck the Colombian Economy. The Colombian Central Bank will step in.

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Woodde says on Oct 9, 2009, 16:53:

I'm sure it will come back. As long as it is around 2k next June, I'll be fine for my three month trip on $90-100/day spending money(after plane tickets/lodging). Before anyone says anything, my take-home pay is not very much, only around $3k/month after taxes and medical coverage. It is just that I have a lot of vacation time saved up and I live very much within my means.

4/9/09

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oneforyourmillion says on Oct 9, 2009, 17:03:

All good 1500 even better I import and spend from that income here. No more changing dollars for me. I gave up! jaja

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misterfinger says on Oct 9, 2009, 21:49:

1500 are you nuts WHY?????

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lpdiver says on Oct 9, 2009, 22:19:

Sheesh I don't understand all the hand wringing. Since the wife got here in 2004 the dollar has already been down near 1700. It is just the nature of the beast. Rates will vary and you need to plan accordingly. This is really no big deal.


ts

Remember what the monkey says, "Fuck money it's free"

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misterfinger says on Oct 9, 2009, 22:25:

BUT HOW FAR Down will it go?????

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Aji1 says on Oct 9, 2009, 22:27:

For a little history. It was knocking around 1000COP/USD when I first started going to Colombia in 1996

I know not what course others may take; but as for me, give me liberty or give me death!

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utopiacowboy says on Oct 10, 2009, 04:45:

Instead of whining about the dollar going down, how about doing something about it? Besiege your congressman and senators with threats that you're going to castrate the lot of them if they don't do something about this. Once that fails, lead an angry mob to their local offices and lynch everyone there.

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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misterfinger says on Oct 10, 2009, 06:47:

I Will I have supported Congressman Ron Paul your the guy making a big deal on Sherrif Araphoe or whatever his name is like it or not the illegals are brining The USA Down,,,And Lou Dobbs is not hardcore enough,,,Anyways Lou Dobbs is not Racist his wife is Latina too,,Neither AM I Racist Dude,,, You need a chill pill on that La Raza Kill Gringos stuff is very wrong dude,,,Mexico Rules but THE Mexican Government is even worse Then USA,,,OK Rock ON....

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utopiacowboy says on Oct 10, 2009, 11:46:

I hear Lou Dobbs keeps his slave "wife" chained in the basement. I bet he's the first one she kills once we take over.

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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bufalo says on Oct 10, 2009, 16:53:

Trying to remember what it was when I first started going in the 80's.... 800 or 900 maybe? Been a long time, guess I'll try togoogle it and find out being curious and all.

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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bufalo says on Oct 10, 2009, 16:57:

I just googled and found no data for that early on

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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misterfinger says on Oct 10, 2009, 17:22:

OK Utopia go Ron Paul and Alex Jones for 2012 For a True Revolution....

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scumbuster says on Oct 11, 2009, 05:17:

Ron Paul should be Treasury Secretary, not Tim Geithner. He is one of the brightest economic minds we have in politics.

Tomas Jefferson “When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”

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oneforyourmillion says on Oct 11, 2009, 16:21:

Ron Paul made too much sense and the media which controls the minds of the majority destroyed him.

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Lisa Zee says on Oct 11, 2009, 18:47:

2012!
Well no worries, let's see what happens in 2012 according to the Mayan calendar!?

Vive la vida y deja vivir!.

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utopiacowboy says on Oct 11, 2009, 19:34:

2012 is when the world ends and the revolution begins!

The powers that control the US government (Goldman Sachs and the Bilderberg Group) will never let someone like Ron Paul become president. He would restore the republic and threaten their control. It doesn't matter anyway - in 2012 they're ALL going down.

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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goin_south says on Oct 11, 2009, 20:41:

utc, something makes me think Lisa zee doesn't believe ya

nothin I say is to be takn for my words, but rather for the words of Sailor Jerry.

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misterfinger says on Oct 11, 2009, 22:25:

HAIL THE Mayans AMEN...

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oneforyourmillion says on Oct 12, 2009, 10:02:

One question though did the Mayans predict their own frickin fall? Seems like they tried and failed since they thought they were gonna make it to 2012? Nope. jiji

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oneforyourmillion says on Oct 12, 2009, 10:03:

Like Thomas jefferson said a country needs a revelution every 20 years to keep the government honest. Well we are two hundred over due.

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bufalo says on Oct 12, 2009, 20:59:

Wasn't he a transvestite model or something?

"If you don't like it - lump it, take it down the road and dump it." - Archie Bunker played by Carroll O'Connor

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