Tag: foreign currency

Foreign currency inflows from tourism increased by 29% in the first half of 2023

Foreign currency inflows from tourism increased by 29% in the first half of 2023

The currency entry tourism represented 57% of total service exports in the first half of the year. Similarly, the average cost per traveler was $1,423, which is 4% less than the $1,588 revealed in the same period of 2022. “We must continue to work together so that Colombia consolidates itself as one of the most […]

The price of the dollar breaks down and reaches $3,997

The price of the dollar breaks down and reaches $3,997

In a major financial market event, the US dollar broke the $4,000 mark in the first few minutes of trading, reaching an average price of $3,988.37 this Tuesday. This figure is $81 less than the current market representative rate, which is $4,069.39. This drop is an important milestone, as such a low value has not […]

Common currency, the bet of Brazil and Argentina not to depend on the dollar

Common currency, the bet of Brazil and Argentina not to depend on the dollar

Brazil and Argentina have raised the possibility of developing a trade exchange mechanism based on a “common currency” that would reduce dependence on the dollar. “We have decided to move forward with discussions on a common South American currency that can be used for both financial and commercial flows, reducing operating costs and reducing our […]

The ‘perfect storm’ that made the dollar soar

The ‘perfect storm’ that made the dollar soar

According to Luis Fernando Mejiadirector of Fe developmentthe depreciation of the dollar in the countries of America has averaged 5.4% in the second half of the year, while that of Colombia has been 12.8%, more than double what was observed in the rest of the year. the countries of the region. “Despite that there international […]

The Bank of England ‘will not hesitate’ to take measures to stabilize the pound

The Bank of England ‘will not hesitate’ to take measures to stabilize the pound

The bank of England put forward this Monday that “it will not hesitate” to change interest rates “whatever it takes” to contain inflation and pound sterlingthat past morning fell to record lows against the US dollar. The British central bank has set out in a statement that it will review new measures at its committee’s […]

The dollar maintains a downward trend

The dollar maintains a downward trend

The dollar resumed its downward trend on Wednesday, trading below the $4,000 mark with an average of $3,959.08. This price is below the current Representative Market Rate (TRM), which is $3,971.28. The US currency opened at $3,995 and reached a low of $3,934.05 while high at $3,997.50. The close was $3,937.60. On this day, $1,636 […]

The DIAN targets professionals in buying and selling foreign exchange

The DIAN targets professionals in buying and selling foreign exchange

To ensure that foreign exchange buying and selling professionals in the country can fulfill their obligations, the National Tax and Customs Administration (DIAN), has indicated that it will focus its efforts on this issue. “The entity has focused its actions on: exchange regimein particular on the control and monitoring of the obligations arising from operations […]