Iván Duque, former president of Colombia, explained the key to investing and doubling your profits with the cheap dollar: "It's part of a strategy."

On August 4, the Colombian peso experienced a decline in value against both the U.S. dollar and the euro. The U.S. dollar closed at 3,193.73 Colombian pesos, reflecting a 1.92% increase from the previous day's rate of 3,133.53 pesos. Despite this daily gain, the dollar saw a slight weekly decrease of 0.22%.