US Dollar to Colombian Peso Exchange Rate

Live Rate

= $ 3491.2337

Refreshing in: 60s | Fri, Feb 28, 10:06PM GMT

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    Historical Rate chart of USD and COP

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    Updated: 28 Feb 2020 22:06:16 UTC

    How can I get the best exchange rate between US dollar and the Colombian peso?

    To get the best exchange rate between the US dollar and the Colombian peso, you should first make sure that you know what the “real” mid-market rate of the currency is. This is the exchange rate you find when you look up the currency on Google or here on Finder.com.

    Once you know this rate, you can proceed to check the exchange rate offered to you by various services that let you exchange money. If you need to send money to someone in Colombia, online money transfer services are most likely your best choice. These services offers exchange rates that are far better than what most traditional banks do, and they also make your transfer faster and with less hassles.

    If instead you are travelling to Colombia, brining an international credit card with you and withdrawing Colombian pesos from an ATM in the country may be a good option. Keep in mind that the cost for making foreign currency transactions varies between banks; so make sure to check that with your bank before you travel.

    US Dollar

    The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
    Currency:US Dollar
    Currency Symbol:$
    Sub unit:cents
    Sub unit symbol:c
    Bank notes:$1, $5, $10, $20, $50, $100
    Coins:1c, 5c, 10c, 25c, 50c

    Colombian Peso

    The Colombian peso has been the official currency in Columbia since 1837. The country is a free-market economy that’s seen positive growth. Unlike most of the world’s banknotes, the Colombian peso is displayed vertically.
    Currency:Colombian Peso
    Currency Symbol:$
    Sub unit:centavo
    Sub unit symbol:c
    Bank notes:2,000, 5,000, 10,000, 20,000, 50,000, 100,000 pesos
    Coins:20c, 50c, 100c, 200, 500, 1000 pesos

    What affects exchange rates between the US dollar and the Colombian peso?

    The exchange rate between the US dollar and the Colombian peso can be affected by a number of political and economic events in both the United States and Colombia. For example, improved economic development in Colombia will usually lead to a stronger peso compared to US dollar. Lately, however, Colombia has seen a widening trade deficit with foreign countries, which contributes to a weakening peso.

    Other factors that affect the exchange rate include interest rates in both the United States and Colombia. Higher interest rates in one of the countries will normally be followed by a stronger exchange rate for the same currency. This happens because it becomes more attractive for foreigners to save their money and earn interest in a Colombian bank account, increasing the demand for Colombian pesos in the global currency market in the process.

    Send money from USD to COP

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    EUR 1,000 1 - 2 days USD 10.00 3456.321 COP 17,247,044 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
    USD 1 Within an hour USD 3.99 3476.571 COP 17,368,981 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    GBP 1,000 1 - 2 days USD 0.00 3456.321 COP 17,281,607 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.
    Go to site Show details
    USD 0 1 - 2 days USD 1.99 3421.409 COP 17,100,237 Quick, affordable transfers around the world. Remitly also has an express option that can transfer your money in minutes for a higher fee. The cheaper option takes several days. Go to site Show details

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    How does the Colombian peso trade against the US dollar historically?

    Over the years, Colombia has been struggling with high inflation, meaning that the peso has been loosing its value compared to the US dollar and other currencies. Since 2008, the value of the peso compared to the US dollar has gone from about 1,600 pesos to 1 dollar in 2008, to 3,000 pesos to 1 dollar in 2017, which is a near halving of its value.

    From 2010 to the beginning of 2014, the exchange rate between the US dollar and the Colombian peso was relatively stable. For most of this time period, the exchange rate remained just below 2,000 pesos for 1 US dollar. In 2014, the peso began to decline in value, going from 1,900 to 3,300 pesos to 1 dollar over a period of about 2 years. Since the sharp decline, the peso has risen slightly in value again and stabilized with an exchange rate to US dollars of about 3,000 pesos to 1 US dollar.

    US Dollar to the Colombian Peso for the last 10 days

    Feb 18 Feb 19 Feb 20 Feb 21 Feb 22 Feb 23 Feb 24 Feb 25 Feb 26 Feb 27
    1 USD = 3406.6237 Inverse: 0.0003 3398.1184 Inverse: 0.0003 3388.3981 Inverse: 0.0003 3391.6071 Inverse: 0.0003 3391.6071 Inverse: 0.0003 3394.3114 Inverse: 0.0003 3372.2867 Inverse: 0.0003 3417.0865 Inverse: 0.0003 3436.2134 Inverse: 0.0003 3441.8757 Inverse: 0.0003

    US Dollar to the Colombian Peso for the last 10 months

    Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
    1 USD = 3251.1100 Inverse: 0.0003 3354.8423 Inverse: 0.0003 3195.6955 Inverse: 0.0003 3233.9921 Inverse: 0.0003 3472.2667 Inverse: 0.0003 3446.3872 Inverse: 0.0003 3415.0207 Inverse: 0.0003 3434.7237 Inverse: 0.0003 3303.4518 Inverse: 0.0003 3365.0700 Inverse: 0.0003

    US Dollar to the Colombian Peso for the last 10 years

    Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
    1 USD = 1941.3713 Inverse: 0.0005 1900.1409 Inverse: 0.0005 1786.5496 Inverse: 0.0006 1815.6394 Inverse: 0.0006 2051.2967 Inverse: 0.0005 2490.7917 Inverse: 0.0004 3332.8366 Inverse: 0.0003 2889.5000 Inverse: 0.0003 2899.1597 Inverse: 0.0003 3108.2879 Inverse: 0.0003

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