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 0.000224
Selling rate
COP0.000281
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The Colombian peso (symbol: $; code: COP) is the official currency of Colombia.
Currency Details
- Country code CO
- Symbol COP
- ISO Code COP
- Subunits 1 Peso = 100 Centavos
Coins
- 50 pesos
- 100 pesos
- 200 pesos
- 500 pesos
- 1000 pesos
Banknotes
- 1000 pesos
- 2000 pesos
- 5000 pesos
- 10000 pesos
- 20000 pesos
- 50000 pesos
The Colombian Peso, commonly abbreviated as COP, is the official currency of Colombia. Known locally as the "peso," the COP is symbolized as "$" or "COL$." Introduced in 1837, the Colombian peso replaced the old real, marking Colombia's adoption of a decimal currency system.
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.
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.