Foreign Exchange Guide to Columbia
The domestic currency in Columbia is the Colombian peso with currency code COP. Read this foreign exchange guide to Columbia and the Colombian peso with money transfer and travel tips plus Colombian peso exchange cross rates.
In this guide we review :
- Colombian peso info - general info about the Colombian peso
- Colombian peso in the markets - recent COP moves and predictions from the FX markets
- Travelling in Columbia - currency & money saving tips
- Buying Colombian peso cash online - travel money for Columbia
- Sending money to Columbia - save on Colombian peso bank transfers to Columbia
- Colombian peso exchange rates - latest & historic exchange rates.
Colombian peso (COP) general currency information
What is the Colombian peso currency code and symbol?
The three letter currency code for the Colombian peso is COP and the symbol is $.
Which countries use the Colombian peso?
It is the domestic currency in Columbia.
Colombian peso (COP) in the markets
The interactive chart below shows the COP to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Columbia
Colombia today is far safer and more accessible than it has been in decades. Most guerrilla and paramilitary activity is confined to rural areas near the border with Panama and Venezuela. However, it’s important that you stay abreast of current events. Crime does exist, particularly in poor neighbourhoods of the big cities, but tourists are far more likely to encounter pickpockets, so keep an eye on your belongings.
ATMs are available across the country, however changing large notes can be problematic outside big cities. A passport and onward ticket are the only visa and entry requirements for most western countries. Vaccinations are important before heading to Columbia
The local currency is the Pesos, however in columbia, as with most countries in South America it is often a good idea to travel with a combination of currencies to have along with your credit card. Sometimes foreign cards may not be accepted at ATMs and often cash is the only way to pay so have some local currency and some US dollars on hand as well as you can generally pay with USD everywhere. However in some cases the only ATMs that give USD are at airports and major banks. A prepaid Travel Card may be useful to avoid scams on your credit card. Small towns may not have ATMs at all. Make a point to check your bank account for strange withdrawals as cards get skinned fairly often. Be sure to have travel insurance when traveling in South America, you could consider choosing a credit card that comes with complimentary travel insurance.
Columbia Trip Checklist
- Compare COP travel cash rates - probably why you are here!
- Lonely Planet - world's best travel guide (coupon and deals)
Travel money for Columbia
Save money and time by Ordering your Colombian peso online from Travelex, you get better rates and can pick up the COP cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Colombian peso otherwise you may get much worst exchange rates.
Travel Money for Columbia
Sending money to Columbia
When searching around for information on how to get a good exchange rate when sending money to Columbia you need to start with finding out the latest Colombian peso foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Getting a better deal when sending money to Columbia
When sending money to Columbia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Colombian peso amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted COP amount will be transfered to the recipient account you specify in Columbia.
Use our Send to COP calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Colombian peso deposited into the recipient bank account and less margins and fees kept by the banks!