Revaluation of the dollar

Posted by Jonathan
June 06, 2007

The Colombian peso has gained more against the dollar in the last year than any other currency in the world. The graph below gives you an idea of how it's value has plummeted. Yesterday it ended in 1,877 pesos per dollar. This tendency reflects the greater confidence foreign investors have in Colombia. The security situation has dramatically improved and dollars are pouring into the country, driving its value down. Importers are happy and the exporters are upset.

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