It's a big assumption that the COP will fall substantially with oil where it is now. The finance minister has spoken publicly about how the rate is fair. The Colombian housing market is in for a rough period sometime in the near future.
I can't believe the guy is quoting you a rate that awful given how easy it is to get a fair exchange with USD on the ground.
I can't believe the guy is quoting you a rate that awful given how easy it is to get a fair exchange with USD on the ground.