Steady, with little movement.
The Dollar to Peso exchange rate
stayed within a narrow channel during
the last week of January 2024.
The week closed out on Feb. 1 with
xe.com charting showing the Dollar
up 26 Pesos for the week, closing at
3939 Pesos to the Dollar.
No big swings.
Yet another week has passed with
no week-over-week changes of significance
in the Dollar-to-Peso valuation.
The first week of February closed with the
Dollar down 18 Pesos from the week before,
xe.com charting now showing the Dollar
worth 3921 Pesos. If you divide 3921 by 18,
you can see what a tiny change occurred
in a week such as the past several semanas.
Dollar floats above 3900-Peso level.
The U.S. Dollar lost 15 Pesos in value during the
week ending today, February 16, 2024.
The Dollar is down about 50 Pesos in the last
week and a half .. and is valued at 3906 Pesos
as of Friday's close.
Source... xe.com USD-COP charting
Dollar edges closer to 4000 Pesos.
The U.S. Dollar gained almost 60 Pesos in value
during this week that ended today, Friday, Feb. 23.
The Dollar closed at 3964 Colombian Pesos,
according to xe.com USD-COP charting.
Edging lower.
The U.S. Dollar edged lower over the course
of the week ended on the first day of March 2024.
Versus the Colombian Peso, the Dollar ended the
past week at 3936 Pesos in value.
Dollar now below 3900 Pesos.
The U.S Dollar lost another 55 Pesos in value
during the week ending March 15, dropping
below the 3900 level.
At Friday's close, the value of the Dollar
stood at 3881 Pesos.
Source... xe.com USD-COP charting
Reversing a dip.
Last week's dip of the Dollar below 3900 Pesos
may be short-lived as the Dollar reversed the
downward trend and finished the week ending
March 22, 2024, within 7 Pesos of the 3900 mark
at 3893.
The Dollar is now 18 percent below where it was
versus the Peso one year ago.
Source... xe.com USD-COP
The dipping Dollar.
The U.S. Dollar resumed its dipping trajectory
during the week ending March 30.
The Dollar ended the week down 28 Pesos
at 3865 Pesos, according to USD-COP charting
at xe.com
A down week so far for the Dollar.
The U.S. Dollar dropped to a level of
3813 Colombian Pesos during the session
ending today, April 3.
Source... xe.com USD-COP
---
Precious metal markets are buzzing as the
prices of gold, silver and metals-based stocks are having
their biggest weekly increases in many moons
this week.
After spending a few days in the mid 3700's,
the U.S. Dollar bounced back almost 100 Pesos
to close on Friday, April 12, at 3858 Pesos.
Source... xe.com USD-COP charting
The U.S. Dollar gained against the Peso
during the past week ended April 19, 2024 --
rising about 80 Pesos and concluding the week
at 3934 Pesos.
Source... xe.com USD-COP charting
The Dollar had a 31-Peso pullback this past week
versus the Peso.
The Dollar is currently valued at 3895 Pesos,
according to xe.com USD-COP charting.
The Dollar managed to eclipse the 3900-Pesos level
this past week, ending the first week of May up 13 Pesos
from the previous week's close, at 3908 Pesos to the Dollar.
Source... xe.com USD-COP
The week starting today, Monday, May 13, shows
the Dollar channeling around the 3890 level.
The Dollar is down about 15 percent today compared
to the Peso in a comparison with 12 months ago.
The Dollar dropped by 61 Pesos in the week
ended May 17, 2024. It now stands at
3829 Pesos to the Dollar.
Source... xe.com USD-COP charting
Neither currency is showing much strength. The US is definitley in an undeclared recession. More than a handful of countries are abandoning the US dollar as the settlement currency for trade. BRICS seems to be gaining acceptance in place of the US dollar. With the insane fiscal policy of the current US government it's no wonder that people are looking for something better.
When I got married in Colombia in 2012 the exchange rate was approximately 1650 pesos to the Dollar. So over that 12 year period, the Dollar has doubled in strength against the COP.
Yep, The dollar has more than doubled against the COP in 12 years. However if you're getting paid in USD, inflation has eaten up ~37% of those dollars.
The Dollar gained 48 Pesos in value versus the
Colombian Peso during the week ending today,
May 24, 2024.
At the close on Friday, the value of the Dollar
was 3877 Pesos.
Source.... xe.com USD-COP
The U.S, Dollar weakened only slightly versus
the Colombian Peso during the last week of May.
The Dollar lost 17 Pesos in value over the course
of the week, finishing at 3860 Pesos to the Dollar.
Source.... xe.com USD-COP charting
The Dollar gained about 90 Colombian Pesos
in value during the first week of June.
The Dollar finished the week at 3942 Pesos.
Source.... USD-COP charting at xe.com
Stronger Dollar.
The Dollar had one of its strongest weeks of
the year versus the Peso, flying past the
4000 and 4100 Peso benchmarks.
At Friday's close, the Dollar was valued at
4133 Pesos, according to xe.com USD-COP charting.
This is the high point of the Dollar since about
eight months ago.
@cccmedia
Petro's policies coming to fruition....
@mtbe
So true. Not only do I read the local/regional and national news I speak daily with my Colombian friends, a few of which even supported Petro............they now agree "I told you so".
Is that good or bad? the ”i told you so?”
Climbing, climbing.
The U.S. Dollar climbed another 18 Pesos
in the week ended June 21, 2024, to close
the week at 4151 Pesos. Source... xe.com
USD-COP charting.
Will this continued climb of the Dollar
cause some of our members to blame
Petro or his policies for a weak Peso?
My guess is Yes.
cccmedia
I just checked and the exchange rate is COP$4091, down 60 pesos from the COP$4151 of June 21, which indicates a strengthening of the COP.
So, if you want to blame "Petro's policies" which are really reforms and laws approved by Congress, then how do you explain the COP strengthening in the last five days? The policies have not changed.
Maybe consider things happening on a macroeconomic level, world market changes, etc.?
But some will not miss any opportunity to blame Petro for USD-COP exchange fluctuations, while ignoring all President Petro's legislative achievements (which two years ago they swore would not happen because they said Congress would not go along with Petro's reforms).
In his first two years all of President Petro's reforms have advanced, and many have already passed Congress (like tax reform, pension reform, paz total (a legal framework for peace), national budgets for 2023 and 2024, agrarian reform (jurisdicción agraria), a national development plan, etc.
In the next two years Petro will work with Congress to pass more legislation (for example, education reform 2.0 and labor reform, both of which are advancing).
All Colombians will benefit.
From Reuters, dateline Bogotá...
Tens of thousands of Colombians took to the
streets on April 21st to protest the reforms
proposed by Presidente Petro.
It's macro stuff, the proposed reforms won't move the needle. Interest rates catch the money people's eye, as will US / Colombia relations, the almost open warfare in parts of the country, and the proposed constituent assembly that could give it a Venezuelan appearance. Both USD and GBP go up and down like yo-yos, but nothing fundamental.
It's difficult to fund reforms with so few people paying taxes on income, so the money has to be found from somewhere; meanwhile the banks and utility services continue to pillage the citizens without restraint, and big supermarkets are creaming profits from grossly inflated prices. Rents in places like Bogota have reached new highs.
It's still a complicated affair for foreign businesses to establish, and there's too much cheap rubbish imported from China, effectively killing off local enterprise.
Longer term, I see no consumer confidence - or ability to pump money into the economy.
A miniscule change for the overall week
has made little difference in the exchange rate
between the U.S. and Colombia.
The Dollar slipped a mere seven Pesos in value,
ending the last week of June valued at
4144 Pesos.
Source.... xe.com USD-COP charting
The Dollar reached a level of 4152 Pesos
during the first week of July before
backing off this week.
Charting at xe.com USD-COP shows
the Dollar ended the week at
a value of 4085 Pesos.
The Dollar is now down only about
one percent vs. the Peso since
12 months ago.
A swoon.
The Dollar was in swoon mode this past week,
dropping below the 4000 Pesos benchmark.
At the Friday close, the Dollar was valued
at 3929 Pesos, according to xe.com charting.
Dollar bouncing back.
The U.S Dollar is flirting with the
4000 Peso benchmark entering the
week's final currency-exchange day.
At the close on Thursday, the Dollar
was pegged at 3998 Pesos, per
xe.com charting.
Crashing the 4000 Pesos line.
With an upward projectory all week,
Friday's close brought a smile to
dollarized Expats.
The official closing number is
4018 Pesos to the Dollar.
Source... USD-COP charting at
xe.com
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