Dollar in exchange houses: this is how it moves this Monday, February 19
The behavior of the dollar in exchange houses continues to benefit those who receive foreign currency in the form of remittances, those who earn their salary in dollars, and those who save in that currency. With the recent increases, individuals see an additional return when selling the currency and converting it to Colombian pesos.
This type of dollar savings has become increasingly popular, with many people choosing to buy currencies and wait for a fluctuation to sell them, as it does not require much time or money initially. Exchange houses play a crucial role in this process, as they are the preferred establishments to carry out these transactions.
The prices set by exchange houses are not determined by any official or government entity but are instead defined based on market fluctuations. In some cases, exchange houses can offer better rates than those provided by banks.
If you are planning to make a transaction at an exchange house, it is essential to understand the dynamics of these establishments to choose the best price and avoid losing money.
When buying dollars (exchanging pesos for dollars), it is advisable to look for the exchange house that offers the lowest sales price, allowing you to allocate fewer pesos for each dollar. Conversely, when selling dollars (exchanging dollars for pesos), it is preferable to find an exchange house with the highest purchase price, receiving more pesos for each dollar sold.
As of February 19, exchange houses are buying dollars at an average of $3,720 and selling them at an average of $3,850. These reference prices are calculated daily by the dólarhoy.com portal and may vary depending on the time, city, or neighborhood where the establishment is located.
For a detailed assessment of the prices in each city and per exchange establishment, consider the following values:
City – Purchase price – Sale price
Bogotá DC: $3,750 – $3,830
Medellín: $3,630 – $3,810
Cali: $3,730 – $3,870
Cartagena: $3,600 – $3,820
Cúcuta: $4,030 – $4,170
Pereira: $3,720 – $3,850
Exchange Establishments – Purchase price – Sale price
Changes Vancouver: Purchase: $3,760 – Sale: $3,790
Cambios Kapital: Purchase: $3,740 – Sale: $3,800
Unicambios: Purchase $3,650 – Sale: $3,810
Llerascambios: Purchase $3,640 – Sale: $3,800
Surcambios: Purchase $3,680 – Sale: $3,820
It is also important to consider the prices of the previous days when evaluating the best time to sell dollars. Reviewing the price history in exchange houses can be helpful:
Date – Purchase price – Sale price
Monday, February 19, 2024: $3,720 – $3,850
Sunday, February 18, 2024: $3,720 – $3,850
Saturday, February 17, 2024: $3,720 – $3,840
Friday, February 16, 2024: $3,720 – $3,840
Thursday, February 15, 2024: $3,720 – $3,840
Wednesday, February 14, 2024: $3,720 – $3,840
Considering the current market conditions, those engaging in dollar transactions should stay informed about the daily fluctuations and look for opportunities to maximize their returns when buying or selling foreign currency.