Currency Rate Colombian Peso to USD
Our Currency Rate COP latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the COP. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
COP 0.000228
Selling rate
COP0.000285
The Colombian Peso, commonly abbreviated as COP, is the official currency of Colombia. Known locally as the "peso," the COP is symbolized as "$" or "COL$." Introduced in 1837, the Colombian peso replaced the old real, marking Colombia's adoption of a decimal currency system.
Currency Details
Symbol: $ or COL$
ISO Code: COP
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The COP is available in both coins and banknotes:
Coins:
20 pesos
50 pesos
100 pesos
200 pesos
500 pesos
1000 pesos
Banknotes:
2000 pesos
5000 pesos
10,000 pesos
20,000 pesos
50,000 pesos
History and Background
The Colombian Peso has a rich history, dating back to the Spanish colonial period when the real was the official currency. The modern Colombian peso was introduced in 1837, and it has undergone several changes to combat inflation and stabilize the economy.
Economic Significance
The COP is integral to Colombia's economy, facilitating trade, investment, and economic development. Colombia has a diverse economy, with key sectors including mining, agriculture, manufacturing, and services. The Colombian peso's value is influenced by various factors, including commodity prices (especially oil), economic policies, and global market conditions.
Usage and Exchange
The COP is widely accepted across Colombia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Colombian pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Colombian Peso is more than just a currency; it is a symbol of Colombia's economic growth, cultural richness, and resilience. Understanding the COP is essential for anyone engaging with Colombia's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic development and global interactions.
Currency Details
Symbol: $ or COL$
ISO Code: COP
Subunits: 1 Peso = 100 centavos
Banknotes and Coins
The COP is available in both coins and banknotes:
Coins:
20 pesos
50 pesos
100 pesos
200 pesos
500 pesos
1000 pesos
Banknotes:
2000 pesos
5000 pesos
10,000 pesos
20,000 pesos
50,000 pesos
History and Background
The Colombian Peso has a rich history, dating back to the Spanish colonial period when the real was the official currency. The modern Colombian peso was introduced in 1837, and it has undergone several changes to combat inflation and stabilize the economy.
Economic Significance
The COP is integral to Colombia's economy, facilitating trade, investment, and economic development. Colombia has a diverse economy, with key sectors including mining, agriculture, manufacturing, and services. The Colombian peso's value is influenced by various factors, including commodity prices (especially oil), economic policies, and global market conditions.
Usage and Exchange
The COP is widely accepted across Colombia for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Colombian pesos is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Colombian Peso is more than just a currency; it is a symbol of Colombia's economic growth, cultural richness, and resilience. Understanding the COP is essential for anyone engaging with Colombia's dynamic economy, whether you are a resident or a visitor. The peso's stability and accessibility play a crucial role in the country's economic development and global interactions.
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