According to experts, the price of the dollar in exchange houses or of the currency that is bought at retail is not regulated. In Colombia, this value is set by exchange agents depending on the available cash and the movement of the dollar during the day.
(Dollar opens the week lower, but remains above $4,500).
During this time, despite the significant rise that the US currency has presented in Colombia, the selling price of the dollar in the country’s exchange houses is below the TRM that was in force for this October 3 ($4,590).
Portfolio carried out a survey among some exchange houses in Bogotá and found that the sale value of the foreign currency is $4,420, that is, the dollar is achieved up to 170 pesos less if compared to the current TRM for this Monday ($4,590).
(The Colombian peso, among the most devalued currencies in Latin America).
The exchange houses said that the main reason is that lThe demand has decreased significantly. One of the causes of this is the end of the summer season in the United States.
For their part, they are buying the dollar at an average price of $4,320.
(Cybersecurity, the biggest challenge of digital currencies).
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