Bank Exchange Rates for Colombia - COP - Colombian Peso - $
The foreign exchange rates for Colombia also known as the ISO code COP or the Colombian Peso currency and as a symbol $.
50, 100, 200, 500, 1000 peso coins are available, as are 20 peso coins, though these are not found frequently. 1,000, 2,000, 5,000, 10,000, 20,000 and 50,000 peso banknotes are currently in circulation.
The official currency of Colombia since 1837 has been the Colombian Peso (COP). The image that represents the Peso is $. The countrys banknotes are issued by the central bank which is known as Banco de la Republica. A Peso can be subdivided into centavo and 1 peso = 100 centavos. The shortened form is COP while investigating trade rates. Banknotes in Colombia shows some exceptionally pleasant craftsmanship. The bills here are splendidly shaded and have been made with numerous duplicating procedures including installed strings, watermarks and raised ink imaging. Right now, the exchange rate of the Colombian peso is 2,930 Colombian pesos to 1 U.S. dollar.
The groups for the bills beginning from the highest to the lowest are 100,000, 50,000, 20,000, 10,000, 5000, 2000, and 1000 pesos. Colombian coins can be entirely confounding as well, as there are a few distinct coins that have similar value available for use. The values are 50, 100, 200, 500, and the new 1.000 peso coins. The little silver one is 50, the greater gold one is 100, the considerably greater silver one is 200, the silver rimmed one with the gold focus is 500, while the greatest of all, with gold edge and silver focus is 1.000. Along these lines, we can essentially say that the greater the coin, the more it's worth.
The most ideal approach to make a snappy (however loose) change to U.S. dollars is to take half of the sum and move the decimal three spots to the left. Along these lines, consider COP$10,000 to be around US$5, and COP$20,000 to be US$10. Fake bills are an issue in Colombia, and clueless global guests are frequently the casualties of them. Bar staff, cabbies, and road sellers are the most widely recognized offenders of this. It's great to dependably have a reserve of little bills as a safeguard measure.
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The Colombian peso is informally abbreviated to COL$, in order to distinguish it from other currencies which use the dollar sign as official symbols.
The Colombian peso was introduced in 1810 when it replaced the Colombian Real at a 1peso: 8 real ratios.