Dollar falls in Colombia, stays flat in Mexico

The price of the dollar showed differences again across the main Latin American markets this Tuesday, July 28.

While there were virtually no changes in Mexico compared to the previous day, the U.S. currency fell to a new recent low in Colombia and continued to decline in the official buying rate in the Dominican Republic.

Why it matters: The value of the dollar influences the cost of travel, international purchases, remittances, and other daily expenses for millions of families in the region.

The dollar remains unchanged in Mexico and stays below 17.50 pesos

The dollar remains unchanged in Mexico – ChatGPT – source – banxico

The official dollar quotation in Mexico was located this Tuesday at 17.444 pesos, according to data from the Bank of Mexico, remaining practically stable compared to the previous session.

No significant movements were observed in the main exchange houses either, reflecting a start to the week with few variations for those needing to buy or sell dollars.

Exchange market:

Buy: 17.12 pesos.

Sell: 17.68 pesos.

Azteca Bank:

Buy: 16.90 pesos.

Sell: 17.99 pesos.

For those planning to travel to the United States or make payments in dollars, the outlook remains very similar to that of the last few days.

In Colombia, the dollar falls to a new low and approaches 3,180 pesos

Dollar falls in Colombia – ChatGPT – source – banco de la republica

The Bank of the Republic set the official rate at 3,188.916 Colombian pesos per dollar, one of the lowest levels recorded in recent weeks.

Bogotá exchange market:

Buy: 3,300 pesos.

Sell: 3,380 pesos.

A drop in the dollar usually benefits those importing products or making international purchases, while it can reduce the peso value of remittances and income received from abroad.

Dominican Republic: the dollar continues to drop in the buying rate

In the Dominican Republic, the Central Bank reported a new decrease in the official dollar buying rate, extending the trend observed during the last few days.

The official values for this Tuesday are:

Buy: 57.8223 Dominican pesos per dollar.

Sell: 58.6103 Dominican pesos per dollar.

Although the adjustment has been gradual, this behavior keeps the dollar at one of its lowest levels in recent weeks against the Dominican peso.

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What to consider before changing dollars

If you need to buy or sell dollars during this Tuesday, remember that the price can vary depending on the bank, exchange house, or city where you perform the operation.

Before making any transaction, it is advisable to compare several options, as small differences in the exchange rate can represent significant savings, especially in higher-amount transactions.