Convert Colombian Peso to US Dollar
Convert Colombian Peso (COP) to US Dollar (USD) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, with a history dating to 1837, making it one of the older continuously used currencies in Latin America. The Banco de la Republica issues the peso and manages monetary policy with an inflation-targeting framework. Colombia has the third largest economy in South America, with significant exports of oil, coal, coffee, flowers, and emeralds. The peso has experienced volatility due to its correlation with oil prices - Colombia is South America's third-largest oil producer.
About US Dollar
The US Dollar (USD) is the world's primary reserve currency, used in approximately 88% of all foreign exchange transactions globally. Introduced in 1792 with the Coinage Act, the dollar became the cornerstone of the international monetary system under the 1944 Bretton Woods Agreement. Even after the gold standard was abandoned in 1971, the dollar maintained its dominant status - oil and most global commodities are priced in dollars, and major sovereign debt is primarily denominated in USD. The Federal Reserve System (Fed) manages US monetary policy.
Quick Reference Table
| Colombian Peso (COP) | US Dollar (USD) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).