Value of the Peso vis a vie the Dollar

poco says on Feb 23, 2004, 17:19:

Think it will go down less Colombias like the EURO better than the USD. Last year it was evident it was much more highly regarded,, after all,,, that was what Spain was using and one EURO got you more pesos !!!!

Based on what I've reviewed,, I think a 10% drop from the current 2740 interbank rate to approx. 2450 is in the cards.

The COP is at a 5% better exchange rate than the EURO/USD devaluation over the last year. So,, at least a 5% drop from today is "built-in",, still a gamble,, but a good one.

Mid 2000 the COP was at 2,100. Who knows,, it could go that low, but I can not see a reason,,, ??? Unless the US is trying to help make it easier for Europeans / Colombians to buy our goods ?

UPDATE: 1/1/2005 = 2447 damn I'm good.

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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camilo says on Feb 23, 2004, 17:23:

for a fact the govcernment can´t let the Peso go that up, that would terribly hurt the exporters. I think right now between analysts there is a average devaluation of the peso for the end of the year of 6%. In the case that the dollar continue to fall I think there is a huge barrier at 2600 and 2500.

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poco says on Feb 23, 2004, 17:37:

I hope the Peso holds,, I have dollars !!!! Think there is a barrier at the numbers mentioned. Yep,, it would hurt exports but,,, now this is off the cuff,,, but Colombia needs to purchase capital goods that are NOT made locally,, like tractors, food, factory equipment, etc. I think they will export OK at the lower prices. Need to check to see what they export, coffee, flowers, emeralds,, and oil,, if they quit messing up the pipelines :)

Colombian Chickens are crowing about the new President of the U.S. who will assure that From each according to their ability to each according to their need.

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Gator says on Feb 23, 2004, 19:30:

EURO better than the USD Put 'um side by side and see which one is picked up firse-it won't be the EURO. They smell trouble and the central bank is spending big bucks to prop up the peso but so far, nada

"Bene, cum Latine nescias, nolo manus meas in te maculare" .

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kevin says on Mar 5, 2004, 23:25:

forex change hi gator! mate im looking to invest in colombia via stock markets im struggling to find a good source of info.seems the mutual fund biz is going to boot off shortly. would appreciate any pointers you could give me regards

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Gator says on Mar 7, 2004, 19:18:

kevin You might tke a look at this site: http://www.latin-focus.com/latinfocus/countries/colombia/colombia.htm or here: http://www.dnp.gov.co/01_CONT/ATENCION/ATEN.HTM or here; http://www.coinvertir.com/cliente/plantilla1.asp?pub_id=818&pag_id=1901

Frankly, if you are not familiar with Colombia I would hesitated to start investing. I believe in Mark Twain's advise about the market; "May and June are particularly bad times to play the market, as are July, August, September, October, November, December, January, February, March and April."

Sorry I cold not be of more help but Colombia, God Love Her, is a little to unstable for mew to be in the market ther. Perhaps a Global Fund with an emphasis on South America?

"Bene, cum Latine nescias, nolo manus meas in te maculare" .

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