Colombian peso equals how many dollars

The exchange rates you can see on your mobile phone come from Internet currency converters. These rates are for currency wholesalers foreign exchange transactions for financial and international trade companies , not for the public. Those cheaper rates are for the foreign exchange operations FX market , not for currency exchange operations cash-to-cash.

For this reason, in the companies that offer the service of change you will never find the same change published in the converters but the one that each company has fixed according to the characteristics of their service. Foreign exchange Forex or FX, for short is the market that establishes the value of the currencies in which international transactions will be performed, at a wholesale level. Currency exchange, on the other hand, is the market in which individual currencies are sold in retail on a certain price depending on demand.

Currency exchange entails cash transactions, thus adding logistic costs, and therefore their exchange rates are somewhat "worse" than the Forex rates, which only move money between accounts. Banks charge a margin, plus a commission and you have to visit them at least twice: to order the money and to collect it. Therefore, the online price is lower than the one you get when you change in person at the airport you get more foreign currency for the same amount you pay.

No, we do not charge any commissions for any exchange transaction, we only charge a trading margin. We also offer the same price regardless of whether the banknote is high or low denomination. All rights reserved. Source: FactSet. Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.

Markets Diary: Data on U. Overview page represent trading in all U. See Closing Diaries table for 4 p. Sources: FactSet, Dow Jones. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Data are provided 'as is' for informational purposes only and are not intended for trading purposes.

FactSet a does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and b shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom.

Therefore, bid weighted average price and offer weighted average price are only available up to the 31 st of October Skip to main content. Leonardo Villar. Roberto Steiner. Member of the Board of Directors. Bibiana Taboada. Mauricio Villamizar. Jaime Jaramillo-Vallejo.

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