Dollar in Colombia: Things that will get cheaper with the drop in the currency – Personal Finance – Economy

Dollar in Colombia: Things that will get cheaper with the drop in the currency – Personal Finance – Economy

The depreciation of dollar has more than one person doing the math. Some win and lose with the fall of the currency, which this Tuesday, July 18, closed its other price at less than 4,000 pesos. But what are the things that drop in price? We tell you.

(You can read in context: Dollar ended up losing more than $78 this Tuesday and stands at less than $4,000)

Magazine week it made the list of things that became cheaper due to the depreciation of the US currency. These are consumer goods that are very cheap.

The four things that are cheap

some food products

The Econexia portal explained that several food products may see significant reductions because the price of the dollar directly impacts imported products used by Colombians for cooking and some foods.

The products that may have a significant drop in prices since they are, according to Dane, the most imported into Colombia are: machinery and transport equipment, chemical products, manufactured items, crude oil and cereals.

Computers, cell phones and other technological items

Other imported products that should be at a good price due to the fall in the dollar are technological ones. It is cheaper for importers to bring computers, mobile phones and other items of technology into the country. Also, as there is more supply, prices will decrease.

Buying online is a good business right now. Those who like to purchase items through international merchants like Amazon should be taking advantage of the real exchange rate.

If you have the alternative of making stops, you can save a lot on your tickets.

It is cheaper for importers to bring computers, mobile phones and other items of technology into the country.

air tickets

For those who are planning a vacation trip abroad, this is the best time to buy air tickets. The exchange rate in the airline portals have a more comfortable exchange rate with the fall of the dollartherefore the prices of the tickets go down.

According to the aforementioned media, domestic flights could also have a reduction since aircraft fuel is usually imported and is purchased in dollars.

Buy and sell dollars in exchange houses

In the opinion of some analysts, The fall of the dollar is a new opportunity to invest in the US currency since the exchange houses adjust their price depending on the TRM (Representative Market Rate). Some exchange houses already have purchase and sale prices ranging between $3,900 and $4,050.

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By Mitchell G. Patton

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