US Dollar to Colombian Peso Exchange Rate

Live Rate

= $ 3392.9883

Refreshing in: 60s | Mon, Feb 17, 08:14PM GMT

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    Historical Rate chart of USD and COP

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    Updated: 17 Feb 2020 20:14:50 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
    USD 1 Within an hour USD 3.99 3378.738 COP 16,880,207 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 3359.058 COP 16,795,292 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 3325.129 COP 16,619,026 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 07 Feb 08 Feb 09 Feb 10 Feb 11 Feb 12 Feb 13 Feb 14 Feb 15 Feb 16
    1 USD = 3382.1372 Inverse: 0.0003 3382.1372 Inverse: 0.0003 3381.2222 Inverse: 0.0003 3428.2047 Inverse: 0.0003 3451.4419 Inverse: 0.0003 3431.9130 Inverse: 0.0003 3392.9291 Inverse: 0.0003 3391.0000 Inverse: 0.0003 3391.0000 Inverse: 0.0003 3375.2466 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 = 3160.1824 Inverse: 0.0003 3300.0658 Inverse: 0.0003 3287.3765 Inverse: 0.0003 3170.1943 Inverse: 0.0003 3466.4297 Inverse: 0.0003 3374.7724 Inverse: 0.0003 3437.1972 Inverse: 0.0003 3447.9776 Inverse: 0.0003 3388.6465 Inverse: 0.0003 3271.4773 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 = 1930.2562 Inverse: 0.0005 1906.8212 Inverse: 0.0005 1795.0493 Inverse: 0.0006 1783.6242 Inverse: 0.0006 2023.2067 Inverse: 0.0005 2383.2000 Inverse: 0.0004 3406.6333 Inverse: 0.0003 2899.1597 Inverse: 0.0003 2869.0000 Inverse: 0.0003 3133.7523 Inverse: 0.0003

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