Latin currencies?

Question

I am trying to find out how to obtain Colombian Pesos and the Peru currency. I have looked at some of the currencey converters and they seem to have good short term percentages. However most Forex and brokers do NOT offer these. How can i go about Buying and Holding these 2 currencies or some other method? Thanks

Answer 1

I question your choice of currencies (China and Hong Kong are both better choices), but here is contact info for one currency exchange that normally stocks banknotes in both currencies:

AFEX - Associated Foreign Exchange

433 N Beverly Dr
Beverly Hills, CA 90210
[phone]

Answer 2

These two currencies are tough to trade with because they are hard to obtain and most financial institutions do not invest in them because they are politically unstable.

The only way I could see you investing in them is actually purchasing physical banknotes from a bank or a foreign currency exchange counter. But why? The short term rates are pretty good, but inflation is high and the curency of both countries have generally declined each year? I'd put your money in Chinese Yuan, Brazilian Reais, Yen, or Australian Dollar (Aussie dollar, it's kinda too late to get the ride though)

Answer 3

If Latin is what you want I recommend the Brazilian Real (or Reais plural). The country is on a good foot and the currency is on a trend of appreciating.

Answer 4

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Answer 5

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