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Colombia peso boosted by weak dollar and rising oil prices

The US dollar has lost more than 5% of its value against Colombia’s peso over the past month, partly because of an increase in price of Colombia’s primary export product, oil. The peso has not just increased in value against the dollar. The Colombian currency...

Peru Fines Uber for Failure to Disclose Information to Consumers

(Q24N) Peru’s National Institute for the Defense of Competition and Intellectual Property Protection, Indecopi, announced that it has sanctioned Uber for “not fulfilling its obligation to provide consumers with relevant information.” The penalty imposed by the Consumer Protection Commission is $50,625 Peruvian soles, or roughly...

How to Save Money Abroad: Thinking Like An Economist

A record number of tourists and business travelers visited another country in 2016, and this year is already on pace to exceed that tally. One thing you definitely need when traveling abroad besides a passport is local currency, such as euros in Europe, yen in...

Costa Rica Leads Charge of UK’s Fastest Growing Currencies

(QTRAVEL) The number of British holidaymakers travelling to the green and lush Costa Rica has soared, according to new research into the UK’s fastest growing currencies. The value of Costa Rican colon bought by the British public this summer was up 84 per cent on...

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