US Dollar to Colombian Peso Exchange Rate

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Historical Rate chart of USD and COP

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:
-Bank notes:
+$1, $5, $10, $20, $50, $100
-Coins:
+c, 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:
-Bank notes:
+,000, 5,000, 10,000, 20,000, 50,000, 100,000 pesos
-Coins:
+c, 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.

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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

Market rate for common transfer amounts USD to COP

US Dollars (USD)	Colombian Peso (COP)
$1	0
$100	0
$500	0
$1000	0
$1500	0
$2500	0
$5000	0

Exchange rates from USD to other currencies

View all USD currency pair exchange rates

Adrienne Fuller

Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

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