Expat Community > Colombia

dalepues
Joined 2015
Posts: 193

Exchange rate

1 year ago

I had hoped to see a discussion of the current reversal in exchange rates, dollar to peso, at this forum. Seems like it would be a subject of interest, since so many expats depend on dollars for living. On November 8, last year, the dollar reached a high of 5116.84; today the taza de cambio closed at 3975.52 against the dollar.
This represents a decline of 22.3%. A cursory search through El Tiempo, El Colombiano, and El Pais has not uncovered any explanation for this surprising movement in dollar vs peso valuation. Do any expats here have an opinion on this turn of events? How has it affected your living in Colombia? Have you seen a softening in inflation rates for local goods and services?

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Cigna Global Health

Get a quote in 2 minutes from our partner, Cigna Global Health.
Get Quote

Living in Colombia Guide

Expats in Colombia discuss the pros and cons of living in Colombia. From the Colombian people to driving to taxes and more. As challenging as it can be, expats in Colombia clearly find that there is a lot to love about a country that is a surprising expat hot spot.

Colombia Forum
Join our Colombia forum to meet other expats and talk about living in Colombia.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Colombia.

Best Places to Live in Colombia

If you're considering a move to Colombia, here are the 15 Best Places to Live in Colombia in 2023.

Healthcare in Colombia

Our guide to healthcare in Colombia covers public and private healthcare in Colombia, hospitals, vaccinations, prescription medications and more.

Cost of Living in Colombia

Expats offer insight into the cost of living in Colombia.

Moving to Colombia Guide

With its bustling cities, beautiful beaches and friendly Colombians, Colombia is an increasingly popular destination for expats of all ages. Expats in Colombia offer insightful tips for those moving to Colombia.