Currency Exchange Rates for Colombian Peso? Convert GBP to COP at todays exchange rate. See money transfer for Colombia and historical to restrictions.
Columbian Peso (COP)
What is COP?
COP is the currency acronym or currency code for the Colombian Peso. It is the currency of the Republic of Colombia. It can be subdivided into centavo; 1 Colombian Peso is 100 centavos.
What is the currency sign for COP?
The Currency sign of the Colombian Peso (COP) is $. This is different from most currencies with the Peso name as it uses the â€œDollarâ€ sign as its official symbol. It is also sometimes referred in FOREX as COL$.
What is the name of COP Central Bank?
Colombian Peso (COP) Bank Notes are issued by the Banco de la Republica of Colombia. It is the official currency of the country first printed with legal tender in 1837.
Current Inflation Rate?
Colombia inflation rate rose 3.99% as of this June, in a year on year comparison. It is the lowest rate increase since January 2015. The rate increase on all consumer prices across the board is less than market expectation. The average inflation rate for Colombia is 14.51% since 1955.
Use of COP outside of the country.
There is very little to zero use of COP outside the Republic of Colombia. Apart from nearby South American Countries very few currency exchanges worldwide trade in COP.
GBP to COP Conversion Rate
Current exchange rate for the Great British Pound (Sterling) to Columbian Peso is 3947.21.
1 GBP = 3947.21 COP
How to Exchange currencies in Colombia.
Unlike other South American countries, Colombia merchants will only accept COP for payment. Other nations accept USD or GBP as legal tender. Using an ATM will give you a bank exchange rate when withdrawing from an ATM.
Banks in Colombia will not have a FOREX service, so it is best to use the ATM for a currency exchange. There are usual exchanges in airports and hotels at a lower rate. Counterfeit bills are also known to be a problem when using money exchangers in open streets.
Currency Information on Colombian Peso - COP— Colombian Peso - $
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 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 ratio.
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