Home » How to Save Money by Taking Advantage of Exchange Rates at Colombian Exchange Houses: A Guide to Buying and Selling Dollars

How to Save Money by Taking Advantage of Exchange Rates at Colombian Exchange Houses: A Guide to Buying and Selling Dollars

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How to Save Money by Taking Advantage of Exchange Rates at Colombian Exchange Houses: A Guide to Buying and Selling Dollars

Saving is a habit that, according to experts, everyone should adapt to their financial life. This process, which consists of saving a portion of income each month, can guarantee a person a better future, by allowing them to make greater investments or maneuver in case of an emergency or unforeseen event.

Exchange houses become important players in the process of saving physical currencies, as they allow you to buy and sell different currencies without carrying out cumbersome processes, paperwork or long waiting times. These transactions are made instantly at the establishment.

These places are regulated in Colombia by the National Tax and Customs Directorate (Dian), although the purchase and sale prices are set autonomously by them and in these there is no participation of official or government entities.

Dollar in exchange houses for today, February 14: this is how the currency moves in Colombia

If you want to buy dollars (exchange pesos for dollars), what you should do is find the exchange house with the cheapest sales price, where you need fewer pesos for each dollar exchanged.

On the contrary, if what you want is to sell dollars (exchange dollars for pesos), what you should do is find the exchange house that has the cheapest purchase price, in which you receive more pesos for each dollar you sell.

If you want to know the price of the dollar throughout the country, take into account this breakdown by main cities:

City – Purchase price – Sale price
Bogotá DC: $3,750 – $3,830
Medellín: $3,620 – $3,790
Cartagena: $3,600 – $3,820
Cúcuta: $4,030 – $4,170
Pereira: $3,720 – $3,850

On the other hand, if you want to evaluate the price of the currency in exchange establishments, take these values into account:

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Vancouver Changes: Buy: $3,770 – Sell: $3,800
Kapital Changes: Buy: $3,740 – Sell: $3,790
Unicambios: Buy $3,640 – Sell: $3,810
Llerascambios: Buy $3,640 – Sell: $3,800
Surcambios: Buy $3,660 – Sale: $3,800

Also, if you want to remember how much the dollar has fluctuated in the last week, consider these prices:

Date – Purchase price – Sale price
Wednesday, February 14, 2024: $3,720 – $3,840
Tuesday, February 13, 2024: $3,710 – $3,840
Monday, February 12, 2024: $3,710 – $3,850
Sunday, February 11 2024: $3,720 – $3,850
Saturday, February 10, 2024: $3,710 – $3,850
Friday, February 9, 2024: $3,720 – $3,850

Also note the values over several longer periods of time here:

1 week (February 7, 2024) Purchase: $3,720 | N/A Sale: $3,830 | 0.26% ($10)
1 month (January 14, 2024) Purchase: $3,780 | -1.59% ($-60) Sale: $3,900 | -1.54% ($-60)
1 year (February 14, 2023) Purchase: $4,410 | -15.65% ($-690) Sale: $4,560 | -15.79% ($-720).

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