COPColombian PesoColombian Peso (COP)
The Colombian peso is Colombia's national currency and a major Latin American unit associated with a diversified Andean and Caribbean economy.
- ISO code
- COP
- Symbol
- $
- Region
- Americas
- Currency type
- Fiat currency
- Exchange system
- COP has a flexible, market-determined exchange rate. Banco de la Republica may conduct foreign-exchange operations for policy objectives without establishing a permanent fixed parity.
- Last reviewed
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Quick facts
COP at a glance
Currency profile
How COP works
The Colombian peso is Colombia's national currency and a major Latin American unit associated with a diversified Andean and Caribbean economy.
Banco de la Republica issues Colombian banknotes and coins and conducts monetary and foreign-exchange policy independently.
- COP is formally divided into 100 centavos, although everyday cash prices are usually expressed in whole pesos.
- The peso symbol is shared across the Americas, making COP necessary in financial and payment records.
Context
Why this currency matters
COP combines a long national peso tradition with Colombia's modern inflation-targeting and flexible exchange-rate framework. The currency is relevant to energy and agricultural exports, regional commerce and a large domestic market, while dated context prevents old notes or peso-denominated records from being confused with other countries' currencies.
Monetary framework
Exchange arrangement
COP has a flexible, market-determined exchange rate. Banco de la Republica may conduct foreign-exchange operations for policy objectives without establishing a permanent fixed parity.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for COP
Independence-era peso issues began
Colombian monetary history developed through national and regional issues during the independence period.
Banco de la Republica - historyBanco de la Republica established
Colombia created its modern central bank and consolidated national currency issuance.
Banco de la Republica - historyNew banknote family introduced
Banco de la Republica launched a redesigned peso series with updated security and national themes.
Banco de la Republica - history
Usage and economy
How COP is used
- Prices, payroll, taxes and settlement throughout Colombia.
- Latin American comparisons involving PEN, BRL, MXN and CLP.
Country currency guides
Banknotes and coins
COP currency units
Banco de la Republica publishes current Colombian peso banknote families and security features.
Banco de la Republica documents Colombian peso circulation coins.
One Colombian Peso unit is recorded with 2 decimal places and uses Centavo as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
COP questions
Why is COP important in Latin America?
COP serves a large Andean economy with major energy, agricultural, manufacturing and service-sector connections.
Who issues Colombian peso banknotes?
Banco de la Republica is Colombia's central bank and the issuing authority for peso banknotes and coins.
Is COP fixed to USD?
No. COP has a flexible market rate, although the central bank may conduct foreign-exchange operations under its policy framework.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.