Brazil, Colombia Show “Upside of Depreciation”

This fluctuation has impacted both countries in a positive manner, improving their relative attractiveness for global services.

colombia

While the currency free fall of 2015 has slowed in Colombia, and started to reverse itself to a small degree, there are still great savings to be had. Multiple industry companies are taking advantage with expansion plans. Brazil, even with all its political and economic turmoil, also poses currency benefits that many are capitalizing on now. “This fluctuation has impacted both countries in a positive manner, improving their relative attractiveness for global services,” Aditya Verma of Everest Group told CIO.

 

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