摘要：The article presents the results of a research on the effects of the exchange rate dollar/peso on profitability and liquidity for the very small and SME of garment’s sector at Cucuta City, between 2005 and 2008. This was a descriptive and correlational research based on accountancy data and financial theories show the following results: The Colombian peso was revalued against de dollar; there apparently is some liquidity supported on high inventory levels; profitability varied downward during those years. According to lineal regression between the variables, the behavior of the exchange rate only affects, on the side liquidy, productivity of the working capital; whereas on the side of profitability there two indices showing high correlation with the average dollar rate. It proposes two steps to help that sector: first to diagnose the mid-economic and finacial aspects; and create a Trade Union of very small, small and medium size entrepreneurs for this sector en Cucuta city.
关键词：Dollar average exchange rate; working capital productivity; profitability of owner’s equity; profitability of total assets; current ratio.;tasa promedio del dólar; productividad capital de trabajo; rentabilidad del patrimonio; rentabilidad del activo; razón corriente.;taxa média do dólar; produtividade capital de trabalho; rentabilidade do patrimônio; rentabilidade do ativo; razão corrente.
