On the first day of September, the currency closed at an average price of $ 3,452.37, which meant a gain of $ 25.08, although the holiday in the United States may have delayed a larger rise.
The impact of new news about the US trade war and China, as well as news about a 'hard' brexit, led the currency to gain space against the Colombian peso again, so much so that in one year the dollar has risen $ 363, while the national currency has seen a devaluation of 11, 7%
One of the big blows to the pocket is the tourists, because, consequently, a trip to the North American country has become more expensive, when reviewing stay, tickets, daily expenses and the visa.
“This has generated an impact that not only travelers feel on the demand side, but companies that are dedicated to tourism in the United States,” said Sandra Miranda, a professor at the Javeriana University, an expert in tourism.
The analyst said that “Latinos are a very large commercial force in visits to the United States, and although companies are not going to go bankrupt, the increase in the dollar in the region has decreased the flow of arrival to the country and will for the end of the year holidays. ”
Precisely, if the costs in flights and hotels to three of the cities most visited by Colombians are reviewed, it is found that a 15-day trip to Miami is $ 970,000 more expensive, while traveling to New York rises $ 1.7 million and to Las Vegas $ 2.3 million (see chart).
Thus, the average price increase between the three cities is $ 1.7 million, just in these two items of the trip.
To this value must be added what the Colombian tourist spends abroad, which according to Euromonitor is equivalent to US $ 91 per day.
Following the example, for a 15-day trip the expense would be a total of US $ 1,365, a value that is $ 605,828 higher than a year ago, and would be added to the total bill.
Even, taking out the visa has risen considerably, since the value of US $ 160 implies an expense of $ 70,641 more than a year ago, with which the total account with basic expenses sees an increase, for this example, of $ 2.3 million since September of 2018, equivalent to 2.5 times the minimum wage of 2019, including transportation assistance.
Why does the dollar go up?
According to Raúl Moreno, an economic analyst at Global Securities, there are two reasons why the currency had a strong movement despite Monday's holiday.
The first, which Bloomberg announced was that the possibility of telephone conversations between US representatives. and China would be evidencing complications, which moves away the possibilities of reaching an agreement in the remainder of the year.
On the other hand, in the United Kingdom it was learned that some legislators are finding the measures to postpone Brexit until January even though the prime minister said the deadline would be until October, “which devalued the pound and strengthens the dollar at the level global".
Under this scenario, Moreno explained that "it is best to go to exchange houses to make dollars as soon as possible, because the dollar is likely to continue rising."
The currency in exchangers is on average at $ 3,242 this week, and although it is very difficult to predict the prices at which the currency will be under the current volatility scenario, the continuation of the trade war causes analysts to forecast a value above $ 3,500, and in some cases, up to $ 3,700 if an agreement is not reached in the year.
Oil prices fell with the entry into force of tariffs on China
The launch of the new tariffs set by the United States and China raised concerns about a new blow to global economic growth and oil demand; in a day in which a new round of conversations between both countries was frustrated, according to the international press. Thus, the price per barrel of Brent reference oil closed below US $ 60, at US $ 58.66, falling US $ 0.59, while US reference crude, WTI, lost US $ 0.33 to US $ 54.77 a barrel.
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https://www.eluniversal.com.co/colombia/viajar-a-estados-unidos-ahora-es-147-mas-caro-HD1665889
