The US dollar market is experiencing higher prices in recent days, as pressures on the currency have intensified due to the release of various economic data throughout the week. Investors are eagerly awaiting the revelation of the consumer price index (PCE) data this Friday, which will indicate the level of inflation in the country.
Just over two weeks ago, the dollar was facing a downward trend, leading many travelers and investors to purchase currencies in anticipation of its subsequent increase. The US dollar has long been considered a safe-haven currency, gaining confidence from individuals in times of economic or political instability when local currencies may be devalued.
Exchange houses are the preferred establishments for buying foreign currency, providing a straightforward process without extensive paperwork. In Colombia, these establishments are regulated by the National Tax and Customs Directorate (Dian), with prices set independently without government involvement.
For those looking to buy or sell dollars, experts recommend seeking out exchange houses with the lowest sale value for purchases and the highest purchase prices for sales. Here are the current rates in some major cities:
– Bogotá DC: Purchase price $3,770 / Sale price $3,830
– Medellín: Purchase price $3,660 / Sale price $3,840
– Cali: Purchase price $3,770 / Sale price $3,890
– Cartagena: Purchase price $3,650 / Sale price $3,850
– Cúcuta: Purchase price $4,030 / Sale price $4,170
– Pereira: Purchase price $3,780 / Sale price $3,880
Several exchange establishments offer different rates for buying and selling dollars. Here are some examples:
– Changes Vancouver: Buy $3,780 / Sale $3,820
– Kapital Changes: Buy $3,700 / Sale $3,840
– Unicambios: Buy $3,770 / Sale $3,820
– Lleras Changes: Buy $3,680 / Sale $3,840
– Sur Changes: Buy $3,700 / Sale $3,840
It is essential for those holding dollars to monitor the currency’s performance before deciding on the best time to sell. Reviewing the recent price trends can help inform this decision. Here is the price data for the past few days:
– Thursday, April 25, 2024: Purchase price $3,750 / Sale price $3,860
– Wednesday, April 24, 2024: Purchase price $3,740 / Sale price $3,860
– Tuesday, April 23, 2024: Purchase price $3,750 / Sale price $3,870
– Monday, April 22, 2024: Purchase price $3,750 / Sale price $3,870
– Sunday, April 21, 2024: Purchase price $3,760 / Sale price $3,870
– Saturday, April 20, 2024: Purchase price $3,760 / Sale price $3,880
Keep these factors in mind when considering currency transactions in the current market.