Reasons why you should buy dollars

We have previously talked about the reasons why many people have the need to purchase American dollars. While we know that this currency is currently the strongest currency in the financial market, we must clarify Why should you buy dollars and what are the main advantages you can get when buying this currency.

The protection against devaluation of the different currencies at the global level may be one of the most common cases when it comes to wanting to purchase dollars. We know that inflation is a problem when buying products, so it may be safer to have savings in American dollars instead of your local currency, in order to protect your finances against devaluation.

Another of the main reasons are investments. The dollar is the most recognized and used currency worldwide. Many people invest in this currency to diversify their finances and thus protect themselves against economic fluctuations in their country. In the case of Latin America, we know that the currencies of the countries that are part of this region tend to have a very low value compared to the dollar due to global economic inflation, which implies a high increase in the prices of items and goods. Here are some other options where you can invest in dollars.

Many online commerce websites sell their products in dollars and accept this currency as their main payment method, which may be more useful when buying a product, because in the case of Colombia, the exchange of the dollar (USD) to the Colombian peso (COP) usually generates an economic imbalance due to the high value of the dollar.

If you do foreign trade or if you have business opportunities in other countries, you may need to have dollars available to carry out your transactions, so remember that If you make your purchases with a credit card these will be reflected in more than 24 installments and the interest rate will increase when you pay off your outstanding balance. Another reason why you should buy dollars is if you plan to travel internationally, especially if this is the main currency of the country you are going to visit.

It may interest you: 5 ways to buy dollars in Colombia

Remember that with Zulu Transfer you'll be able to send your money around the world, pay your suppliers and freelance services abroad, and also charge your clients globally. Protect yourself from the devaluation of your currency and be part of our global ecosystem for companies and individuals.