The Dollar Starts Cheaper in Mexico and Colombia This August 10

The dollar began Monday with another decline in Mexico and a sharper drop in Colombia. However, not everyone will find lower prices when exchanging money: in Bogotá, exchange houses slightly increased their buying and selling rates. The Dominican Republic, meanwhile, starts the week with no changes.

Why it matters: The official reference rate is not always the rate a person receives when exchanging dollars. Monday’s differences are important for people who receive remittances, buy dollars, or convert their income into local currency.

This Is How the Dollar Started in Mexico, Colombia, and the Dominican Republic Today, August 10

Dollar Exchange Rate in Mexico

Banxico: $17.1387

Currency market: buy $16.84; sell $17.40

Banco Azteca: buy $16.70; sell $17.89

Dollar Exchange Rate in Colombia

Bank of the Republic: $3,142.867 COP

Currency market in Bogotá: buy $3,360 COP; sell $3,430 COP

Dollar Exchange Rate in the Dominican Republic

Buy: RD$58.12

Sell: RD$58.49

Dollar Exchange Rate Starts Cheaper in Mexico and Colombia – Infographic – MundoNow – Sources: Banxico, Bank of the Republic of Colombia, Central Bank of the Dominican Republic