Dollared Expats are cheering as the U.S. Dollar surpassed the 4000 Pesos mark and closed on Black Friday at 4007 Colombian Pesos (COP).
Only for one brief period before, late March into April of 2020, has the Dollar shown such strength and exceeded 4000 Pesos. Soon after (May of last year), it dropped into the 3800's. As recently as three-and-a-half years ago, May of 2018, the exchange was only about 2700 Pesos to the Dollar.
The Dollar's strength means a cost-of-living boost for U.S. Expats and others who buy goods and services in Colombia based on their U.S. currency.
Source... xe.com USD-COP charting
cccmedia in Bucaramanga