One Peso Blog January Archive

Record-Low Colombian Peso Level

01/30/09 23:34

The Colobian peso marked its record-low weekly decline since October 'cause of speculations interest rates cuts by the central bank. Colombian foreign-exchange electronic transactions system, SET-FX, say that the recent decline is the biggest among the six most-traded currency in Latin America. You can read the full report of the rate of currencies in Latin America on Bloomberg's site, link below.

Link: Bloomberg.com: Latin America

Tags: colombian peso falls • latin american foreign exchange • currency • interest rate cuts •
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ARM 101

ARM short for Adjustable Rate Mortgages is type of mortgage which has an interest rate linked to an economic index which means interest rates can go up or down depending on changes happening on indexes.

It's better than a fixed rate mortgage cause rates are usually lower than of fixed interest of loans life.

Learn more about ARM and how it could affect your loan and you life on the link below.

Link: Adjustable Rate Mortgages - How to Decide if an ARM Is Right for You