In addition to my daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, I write for U.S. News & World Report and appear often on radio and television discussing opportunities for living, retiring, investing, and doing business around the world. Falling commodity prices are weighing on both exports and investment, which are adversely affecting economic activity. The money must be declared properly when entering the country for a real estate purchase or you risk additional capital gains expense when you decide to sell.Mexico is the number-one overseas destination for North Americans. Colombia's currency is tumbling against the value of the dollar, descending to over 2,400 pesos on Friday. Additionally, inflation measures are rising as its currency weakens.
Meanwhile, inflation has risen as its currency declined.
In February, the inflation figure came in at an annual pace of 4.36%, above the previous month's reading of 3.82%, while exceeding estimates for 3.88%. Still, though, in-country tourists make up much of this market, meaning two populations to tap into for renters and potential buyers when you’re ready to exit.Medellín, Colombia, offers one of the best city lifestyle choices in the Americas. Since March, the U.S. dollar has fallen over 10% against the Colombian peso, as seen below.Key lending rates have been held unchanged as energy prices began to decline. In May, the benchmark lending rate came in at 4.5%, unchanged from the previous month, and in line with estimates. While this is conditional on rising energy prices, the Colombian peso looks like it will continue to strengthen in coming months.Macro, hedge fund manager, portfolio strategy, long/short equityThe author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.The author wrote this article themselves, and it expresses their own opinions. As with Brazil, wiring money into and out of Colombia requires extra steps and takes a bit more time. In the fourth quarter, economic growth came in at an annual pace of 3.5%, below the previous quarter's reading of 4.2%, as well as missing estimates for 4.0%. With this information, the economic growth forecast for 2014 of 4.5 percent to 5 percent, with 4.8 percent as more probable figure, was maintained," according to CNBC.With rising interest rates earlier in the year, followed by falling export revenue as commodity prices declined, economic growth slowed in the region. Against the U.S. dollar, the peso has shed 20% of its value in a little more than a year and 7% in the last month. Economic activity in Colombia drastically slowed over the past year. In the fourth quarter, the economic growth figure came in at an annual pace of 3.5%, down from the previous quarter's reading of 4.2%, while also missing estimates for 4.0%. The restriction is that you must purchase through a Mexican trust called a Among attractive beach living choices, Mazatlán, located about midway along Mexico’s Pacific coast, stands out. Policymakers are thus at a crossroads of raising rates to deter inflation, which jeopardizes economic growth. While all oil exporting countries have been hit by falling oil prices, the peso has fallen by 21% since June, second only in losses to the Russian ruble.
Colombian Peso Banknotes: 1,000, 2,000, 5,000, 10,000, 20,000, 50,000 pesos; Colombian GDP (nominal): $427.139 billion (29th) Central Bank: Banco de la República; History . The U.S. dollar has appreciated over 6% against the peso in the last two weeks, seen below. The central bank chose to keep "The central bank said Colombia was adjusting to lower demand for its exports on top of lower oil prices that would be offset to some extent by a weaker peso," according to Reuters.As was stated above, economic activity has declined over the last year in the country. This should not be a reason not to invest; it simply means taking the time to understand the extra steps to follow when transferring money.Historically, another disadvantage has been that Americans and Canadians needed a visa to enter Brazil as a tourist. In 1998, I moved from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next, in 2008, to Panama City. Falling energy prices have weighed on growth measures. It’s in the locations where property is priced in pesos that U.S. dollar holders today enjoy increased buying power.The residency process is straightforward and quick. In March, the inflation figure came in at an annual pace of 4.56%, up from the previous month's reading of 4.36%, while also exceeding estimates for 4.44%.