After the dollar reached a price of $4,968 on October 24, 2022, to this day, nine months later, it has been noted that its value has been below $4,200. This Friday, the price is $4,157.
(Keep reading: Bogotá: the 5 ‘secret’ points of sale that offer great discounts, know them).
The foregoing means that, during the first semester, the dollar peso appreciated 13.15%. northHowever, experts have clarified that this price could change in the coming months, since it can range between $4,200 and $5,100, for the coming months, according to the media. Briefcase.
The price of the dollar has decreased in recent months.
Thus, the Exchange Houses are entities that work”as a financial intermediary for the purchase and sale of foreign currencies. That is, a place where people make currency exchanges“, according to the portal kambiastaPeru’s first digital exchange house.
Based on the foregoing and in accordance with their important operation, these entities are located in points that are generally very popular with tourists, for example: airports, travel agencies and banks.
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However, the question that succumbs to people who, for reasons of savings or travel, go to one of these Houses to buy or sell dollars is Why is the price there more expensive than what has been established for that day?. We explain.
How do exchange houses work in Colombia?
The price of the dollar is determined by an exchange regime that is free floating
According to the question, the University of La Salle explained, in conversations with the director of the Finance and International Trade Program of the Institution, José Hernández, that “The price of the dollar is determined by an exchange regime that is free floating”.
In fact, the Directorate of National Taxes and Customs (Dian) It is in charge of controlling and enforcing the exchange regime. Thus, the price of the dollar found in the Exchange Houses will depend on the market, according to the aforementioned institution.
Therefore, the Exchange Houses decide the prices at which they want to sell or buy the currencies; however, they risk people not wanting to get their services.
Finally, José Hernández commented: “If one, autonomously, decides to establish that the value of the dollar is $5,500, one risks not attracting customers. However, there are some associations that try to correct these extreme situations so that the purchase and sale of this currency is framed within a competitive market”.
Some exchange houses in the country
– Changes Vancouver Bogota.
– Changes Capital Bogota.
– Condor Currency exchange.
– Bogotá Dollar Point.
– Cali Dollar Point.
– Cartagena Dollar Point.
– Eurocambios Millennium Cali.
– Changes The Village.
– Unicambios Medellin.
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