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The Colombia Peso is the official currency of the Republic of Colombia. The currency is represented by the $ and by the abbreviation COP. The Colombian Peso is subdivided into 100 Centavos but is deemed worthless due to the inflation. The banknotes and coins are issued by the Banco de la Republica. The banknotes exist in the range from 1,000 to 100,000 Pesos and coins exists in the range from 20 to 1,00 Pesos. The Colombian Peso has an exchange value of 40-44 COP$ against the Indian Rupee. Check the live rates of Colombian Pesos here.
Colombia is a small country in the Latin American region of the South American continent. Even though Colombia is most famous for being the major source of drugs in South America, it is also one of the world’s renowned tourist destinations that has much to offer. From earlier times since the discovery of the nation, it was known as part of the New World. Colombia became the focus of the explorers of the world for being the supposed site of the mysterious El Dorado, the golden city of the lost. Colombia was one of the most explored countries in the world because of the rich and diverse elements that surround the nation. The country’s economy depends upon the export of many products such as fossil fuels and the export of natural produces. Colombia is also famous for being as one of the world’s best educational atmosphere. The Colombian universities are leading educational institutions in the world. The Colombian Peso is one among the many Peso varieties in the world. Just like any other Peso in the world, the Colombian Peso is also very much in low values. Compared to the US Dollar, one USD is equal to about 2700- 2800 COP$ Peso currencies.
The Colombian Peso is a closed currency, meaning that it can only be transacted or used within Colombia. So the availability of the currency in India is very much rare. Most of the banks and exchange centres do not facilitate the direct conversion of Indian Rupee to Colombian Peso or back. So the only way of converting INR to COP is by converting to USD and then convert USD to COP. You have to carry Colombian currency within Colombia because of the fact that any other form of currency is not accepted much in Colombia. The Pesos is mostly the sole form of transaction in Colombia. Even if you carry forex cards or any form of a plastic transactional method such as credit or debit card it is important to notice that most establishments do not have a provision for using them. So it is always to carry around the Colombian Pesos in case if they don’t.
| Currency | Colombian Peso |
|---|---|
| ISO Code | COP |
| Symbol | COL$ or $ |
| Nick Name | Peso Colombiano |
| Sub Units | Centavo( 1 Peso= 100 Centavo) |
| Denominations | |
| Notes | 1000, 2000, 5000, 10000, 20000, 50000, 100000 Pesos |
| Coins | 20, 50, 100, 200, 500, 1000 Pesos |
| Valid in | Colombia |
It is quite difficult to exchange the Indian Rupee for Colombian currency directly. Besides, the currency does not hold any key transactional position in the Indian market. So the banks and exchange houses do not facilitate the conversion of the currency. The most common method used is to convert Indian Rupee to USD and then convert USD to COP in Colombia. That way you can obtain better rates for your currency. You can exchange INR for USD easily with the help of ExTravelMoney.com in India. ExTravelMoney.com offers you options to choose various vendors in your region by considering their exchange rates through our website. Choose the vendor and place your order online. Wait for our customer care executive to contact you for completing the order. Make the payments online without any hassle. And for your convenience, you can even request the vendor to provide doorstep service in delivering the forex and picking up the necessary KYC documents.
Even though the Colombian currency can be exchanged in certain airports, the exchange rates would be too unbearable. So the best way for exchanging Colombian Peso to any currency is by converting Colombian Peso to USD before you leave Colombia. The USD can be exchanged for INR in India. You can get the best rate of the day for USD against INR in India with the help of ExTravelMoney.com. You can choose from a list of vendors in your region along with the exchange rates they offer for USD. Find the most suitable one and place the order online. Shortly our customer care executive will contact you for completing the order. To make life easier, you can request the vendor to provide at home services in picking up the forex and the KYC documents.
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