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Post by sedelen on May 3, 2021 15:34:52 GMT -5
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Post by pilotguy68 on May 3, 2021 17:29:57 GMT -5
Sed, I have noticed that every time it hits 3800, it drops quickly. joe
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Post by robbierobnj on May 4, 2021 9:49:29 GMT -5
The political climate will keep the peso weak for the short term and if it gets really out of control that previous low on the peso may get taken out. The debt rating is a real problem dont the peso rallying to much anytime soon
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Post by sedelen on May 4, 2021 11:36:10 GMT -5
Sed, I have noticed that every time it hits 3800, it drops quickly. joe Well it's at 3,831.90 as I write this, half the up move as yesterday. Who knows, it's might even make 4,000 but I doubt it.
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Post by robbierobnj on May 4, 2021 18:27:37 GMT -5
All you need is some serious violence or a clash between the military and protest groups and it will be 4000 easy.
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Post by ozgringo on May 4, 2021 21:53:09 GMT -5
The AUD is now just below $3000 COP. There are some great investment opportunities in Colombia ATM.
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Post by elexpatriado on May 5, 2021 8:49:55 GMT -5
The AUD is now just below $3000 COP. There are some great investment opportunities in Colombia ATM. Yep-like some thought there was in Venezuela in 2009when they were going through the same thing
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Post by robbierobnj on May 5, 2021 9:23:52 GMT -5
I don't see any great investments in Colombia. Better to enjoy yourself and not get locked down in a country that can change on a dime. I just doint see the peso ever being able to strengthen they are so far from ever having a real economy
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Post by ozgringo on May 5, 2021 17:33:03 GMT -5
The AUD is now just below $3000 COP. There are some great investment opportunities in Colombia ATM. Yep-like some thought there was in Venezuela in 2009when they were going through the same thing Don't plan on ever living in Colombia again. However, you can never say never and life is very good at changing your plans. If you have money there are many very good opportunities ATM especially in real estate.
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Post by sedelen on May 6, 2021 11:31:51 GMT -5
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Post by pilotguy68 on May 6, 2021 12:43:51 GMT -5
I think the Colombian Govt. does not like it above 3800. Joe
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Post by mudd on May 6, 2021 12:52:23 GMT -5
colombian govt will shove it below 3800 and then 3700 and then 3600 because the are controlling it. they cant have it above 3600
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Post by pilotguy68 on May 6, 2021 13:37:38 GMT -5
Mudd, Can you explain to me why that is ? thanks, Joe
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Post by mudd on May 6, 2021 14:56:10 GMT -5
Mudd, Can you explain to me why that is ? thanks, Joe their was a report about 3-4 months ago on bloomberg or another business report, cant remember which, nmy friend saw it and then i read it.... it was talking about the colombian govt wants the USD COP below 3600 or it cost them a lot of money..... so after reading the report i started watching the cop., and every time if got above 3600, immediately it went right back to below 3600, i watched this for at least 3 months.... like clockwork, 3600... and 4 hours later right back down....this time with the protests and shut down,,, i think they cant control it but as today,,, guess where its heading??? down again.... i would bet soon as this blows over, will be right back under 3600 again
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Post by sedelen on May 6, 2021 17:11:36 GMT -5
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Post by mudd on May 7, 2021 11:38:02 GMT -5
3766 and going down..... told you. soon to below 3600
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Post by scumbuster on May 7, 2021 11:48:10 GMT -5
Hope it hangs on through Monday. I will hit the ATM Monday and have enough to last this trip. But I guess with that small amount a few pesos one way or the other isnt going to make that big a difference.
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Post by mudd on May 14, 2021 8:50:52 GMT -5
3682 and dropping... soon to below 3600
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Post by elexpatriado on May 16, 2021 10:04:36 GMT -5
If Colombia credit rating goes to "Junk " status, all bets are off on how high the dollar can go in comparison. The Colombian government has little control of this.
On the other hand, it is a race to the bottom, with who can print the most FIAT currency the fastest, and with US due to spend trillions, the US dollar will continue depreciate compared to many currencies,,unytil a light bulb lights up in someones head
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Post by james on May 16, 2021 11:28:12 GMT -5
When the COP loses value against the dollar, the National treasury buys pesos to increase demand and get the value back up. They do this to control inflation. If the peso loses value, importers and retailers will have to shell out more pesos for the products they buy, and will raise prices to compensate for the loss. The consumer gets hit twice. Their pesos are worth less, and prices for goods are higher. Keeping the pesos' value stable prevents this (somewhat).
- JAMES
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