US Dollar to Colombian Peso Exchange Rate

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= $ 3432.0725

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    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.

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    USD 0 1 - 2 days USD 0.00 3418.344 COP 17,091,721 Offering no maximum and no minimum limit transfers with $0 fees. 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

    Oct 05 Oct 06 Oct 07 Oct 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14
    1 USD = 3451.2500 Inverse: 0.0003 3450.1255 Inverse: 0.0003 3435.9678 Inverse: 0.0003 3459.2525 Inverse: 0.0003 3450.7208 Inverse: 0.0003 3471.6115 Inverse: 0.0003 3460.0842 Inverse: 0.0003 3460.0842 Inverse: 0.0003 3462.2378 Inverse: 0.0003 3430.8948 Inverse: 0.0003

    US Dollar to the Colombian Peso for the last 10 months

    Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
    1 USD = 3172.6520 Inverse: 0.0003 3138.0074 Inverse: 0.0003 3133.7523 Inverse: 0.0003 3141.7682 Inverse: 0.0003 3167.1300 Inverse: 0.0003 3299.4683 Inverse: 0.0003 3287.3765 Inverse: 0.0003 3178.1526 Inverse: 0.0003 3443.3465 Inverse: 0.0003 3378.6992 Inverse: 0.0003

    US Dollar to the Colombian Peso for the last 10 years

    Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
    1 USD = 1831.5408 Inverse: 0.0005 1789.4358 Inverse: 0.0006 1894.6194 Inverse: 0.0005 1798.8632 Inverse: 0.0006 1883.3498 Inverse: 0.0005 2049.9833 Inverse: 0.0005 2897.3633 Inverse: 0.0003 2911.9750 Inverse: 0.0003 2940.7500 Inverse: 0.0003 3090.9334 Inverse: 0.0003

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