The unit of currency is the Colombian Peso (COP), which is divided into 100 centavos. Banks have no fixed policy on exchanging cash and travellers cheques. Some provide the service, some not, and different banks can differ on this from day to day. Generally foreign exchange is only offered in the early morning. Cash can be exchanged at casas de cambio, or money exchange bureaux, located in cities and border towns. US Dollars are preferred for both cash and travellers cheque exchanges. Travellers cheques are difficult to exchange outside of Bogota. Visitors are warned to beware of fake US Dollars, which are printed in Colombia. Credit cards, especially Visa, are becoming more widely accepted and are welcome at top hotels and restaurants, travel agents and car rental agencies. In the main towns and cities ATMs are becoming more prevalent, but cards should be used with caution for security reasons.
Currency Exchange Rates
|Colombia||COP 100||COP 1,000||COP 10,000||COP 100,000||COP 1,000,000|
|Australia||A$ 0.05||A$ 0.51||A$ 5.14||A$ 51.42||A$ 514.25|
|Canada||C$ 0.05||C$ 0.54||C$ 5.41||C$ 54.09||C$ 540.89|
|Ireland||€ 0.04||€ 0.42||€ 4.18||€ 41.84||€ 418.44|
|New Zealand||NZ$ 0.07||NZ$ 0.67||NZ$ 6.68||NZ$ 66.76||NZ$ 667.57|
|South Africa||R 0.45||R 4.48||R 44.79||R 447.89||R 4,478.87|
|United Kingdom||£ 0.03||£ 0.35||£ 3.46||£ 34.60||£ 345.99|
|United States of America||US$ 0.05||US$ 0.53||US$ 5.30||US$ 52.96||US$ 529.60|
Note: These currency exchange rates are not updated daily and should be used as a guideline only.
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