Exchange rates represent the value of one currency against another.
For example, if 1 USD equals 4,350 COP, that’s the current exchange rate. But did you know that not all platforms offer the same value? In traditional banks or some platforms, exchange rates often include hidden fees or high margins, which reduce the final amount you receive.
Want to learn more about how to take advantage of exchange rates? Read our blog here and become an expert in international finance.
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The rate you see is the rate you get, with no hidden fees.
When the dollar or euro rises against the Colombian peso, you can convert your income in these currencies at a higher rate and get more value in pesos. On the other hand, when rates drop, it’s a good time to buy dollars or euros and save in these currencies for your upcoming trips, international payments, or investments.
Become a financial strategist with the help of our calculator and make your moves at the perfect time!
Receive, buy, or send USD, EUR, and COP in your Plenti global account with the best exchange rates on the market — in just minutes.
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