What is the best time to buy dollars and invest in currency | Finance | Economie

The dollar recorded several weeks of volatility that left markets and citizens uncertain about its effects on the economy. Foreign currency arrived Historic ceilings amount to more than 4,600 pesos.

(Read: The dollar ends the week by adjusting its price).

This means a significant depreciation of the peso, which has reached this year so far About 14%. However, on the last day, Friday, July 15, the dollar began to lose ground and settled at the average trading price of 4,393.92 Colombian pesos.

Now, many are wondering when is the best time for that Buy dollars and save Or make investments in this currency. For Carlos Sepulveda, Dean of Economics at the Universidad del Rosario, it is important to clarify that it is better to buy dollars when they are low and sell them when they are high.

This means that given the highs of recent days, selling will be more effective than buying.

We are at historical levels for the valuation of the peso, maybe the path to take is for those who bought cheap at that time and today they start liquidating those assets in dollars, because they can get a profitSepulveda explains.

right Now , Dollar Trends It is complicated to estimate. “Globally, there is a great deal of uncertainty about what will happen to the United States. There are some actions that central banks are taking to increase interest rates and all of this leads one to believe that this trend will continue. However, it also depends a lot on the actions of the next government.”

(Also: Is Banrep interfering in the foreign exchange market due to the rising dollar?).

According to foreign exchange market analysts, this moderation that has been taking place since Wednesday is due to the fact that a Overreacting to international and local news.

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