Colombian peso yields more in Asian destinations

A Banco de Bogotá analysis highlights South Korea, Japan and Indonesia as places where the Colombian peso offers greater purchasing power thanks to its 18% appreciation against the dollar.

The study evaluates exchange rate behavior and inflation at destinations to identify the best options for Colombian travelers.

Camilo Pérez, director of economic research at Banco de Bogotá, noted that real benefit arises when exchange gains are not absorbed by local living costs.

Panama emerges as the most advantageous alternative in the Americas due to its dollarized economy, low inflation and short flights from Colombia.

The report also mentions Canada, Honduras and Guatemala as favorable options in the region and recommends travel insurance and loyalty programs to optimize expenses.

Makala yanayohusiana

A realistic image of a Colombian market illustrating rising food and housing costs due to inflation.
Picha iliyoundwa na AI

May inflation stood at 5.84% and pushed up cost of living in Colombia

Imeripotiwa na AI Picha iliyoundwa na AI

DANE reported that annual inflation in May reached 5.84%, driven by housing and food, placing the country with the third-highest cost of living in the region.

Between May 1 and 15, the Colombian peso recorded a 3.84% depreciation, the largest among 22 emerging currencies. The dollar reached 3,796.78 pesos, driven by purchases from the Finance Ministry and electoral uncertainty.

Imeripotiwa na AI

The dollar closed Friday at 3,475.78 pesos, its lowest level since January 2021, driven by local and international factors.

The US dollar closed higher against the Colombian peso at $3,576.10, up $2.80 from the TRM of $3,573.30. The rise followed a new government repurchase of global bonds, the third in the past year. Meanwhile, crude oil prices fell amid expectations of US-Iran peace talks.

Imeripotiwa na AI

The Mexican peso closed the Friday session with gains against the dollar. The move came amid greater risk appetite in international markets due to expectations of a possible agreement between the United States and Iran.

Ijumaa, 19. Mwezi wa sita 2026, 10:54:34

Dollar closes at $3,439.85 in Colombia amid US holiday

Jumanne, 9. Mwezi wa sita 2026, 09:32:10

Dollar closes lower in Colombia ahead of presidential runoff

Jumatatu, 8. Mwezi wa sita 2026, 16:14:40

Foreign investment in Colombia grew 63.4% in the first quarter

Ijumaa, 5. Mwezi wa sita 2026, 18:08:02

Dollar closes at 3,588.12 up on election uncertainty

Ijumaa, 5. Mwezi wa sita 2026, 07:16:42

Mexican peso depreciates 1.1% against dollar after US jobs report

Alhamisi, 21. Mwezi wa tano 2026, 12:20:23

Argentines shift focus to peso rates amid stable dollar

Jumanne, 28. Mwezi wa nne 2026, 09:07:47

Philippine peso hits new record low of P61.30 versus US dollar

Jumapili, 26. Mwezi wa nne 2026, 14:24:01

Colombia has second-highest inflation in OECD for February 2026

Jumatano, 15. Mwezi wa nne 2026, 09:53:20

Petro attributes peso revaluation to interest rate hike

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa