08:21 AM
The first 12 days of the second half of the year began with the breaking the $4,000 barrier for the price of the dollar, And in addition to what it implies for market movements, it also puts the focus on those who wish to buy this currency.
You might be interested: Dollar in Colombia closed above $4,000, the highest price since December 2023
This Thursday you will be able to find in the main companies in this segment a selling price that is $135 cheaper than the average of the currency registered on the stock market.
The most striking offers that this sector has are in Banco Unión and Latin Cambios. Both have a dollar sale price of $3,800. Surticambios, Lleras Cambios and Punto Dollar are the companies that are selling the most expensive dollar, because if you go to these companies you will find it for $3,860.
Because it is cheaper?
Remember that the management of these entities occurs through the retail market, or popularly known as the “street” market, which means that They set a rate depending on demand of the currency and the price of the other exchange houses that are in competition.
Find: The worrying call from the Colpensiones union about the pension reform: “we are not prepared”
However, with the dollar trending upward, it is rare that the currency is still on the retail market at such a low price. According to Juan Pablo Vieira, CEO at JP Tactical Trading, this is completely normal in exchange houses, only that at this time there is still a good offer to purchase dollars in cash, high demand has not yet been generated.
The expert stated that the price set in these markets is always behind, however, with the rise in price It will not take more than a week for merchants in this segment to begin to take advantage of the rise of the price.
Now, if you want to buy or sell dollars in these exchange houses, keep in mind that in order to buy or sell any currency in these retail markets, you will have to bring your identification document to comply with Resolution 060 of 2017, which requires exchange houses identify people who make a transaction greater than US$1,000.
The objective of this Resolution is protect these markets from fraudulent activities such as money laundering, in addition to strengthening consumer confidence. This practice also seeks to guarantee the well-being of the merchant, as it affirms the authenticity of the transactions in the currency exchange process.
If, as a user, you are wary of handing over your identification information, the resolution ensures that this requirement fulfills the support function to identify the person who is going to perform the operation, to leave physical support, review your history and generate the report that will be passed on to the National Tax and Customs Directorate, Dian. Although the retail market is cheaper, you can always go to the banks.
