Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info Doge-1 Mission to the moon

calculator.detail.title

calculator.detail.title_des
DOGE-1
DOGE-1
swap
COP
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the Colombian Peso (COP)

What Is the Colombian Peso (COP)?

The Colombian Peso (COP), symbolized as $ and sometimes referred to as COL$, is the official currency of Colombia. It's divided into 100 centavos, although the smallest denomination commonly used is the 50 pesos coin due to the low value of the currency. The Colombian Peso is the sole legal tender in Colombia, and it is used for all transactions within the country.

The Colombian Peso (COP) is issued by the central bank of Colombia, known as "Banco de la República." This institution is responsible for regulating and maintaining the stability of the Colombian currency, as well as implementing the country's monetary policy.

What Is the History of COP?

The Colombian Peso was introduced in 1810, replacing the Spanish real, which was the currency during the colonial era. Initially, the peso was pegged to the real at a rate of 8 reals to 1 peso. In 1837, Colombia decimalized its currency, and the peso was subdivided into ten reales, each of 10 décimos de reales, later centavos. In the early 20th century, the peso was pegged to the British pound sterling but shifted its peg to the US dollar in 1931 when the UK abandoned the gold standard. The peg to USD lasted until 1949, influenced by Colombia's inflation.

Notes and Coins of COP

Colombian Peso (COP) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50, 100, 200, 500, and 1,000 pesos. Colombian banknotes are issued in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 pesos. Notably, the 50,000 peso banknote features vertical imagery, a unique aspect compared to other global currencies.

Is COP Pegged to USD?

The Colombian Peso (COP) is not pegged to the United States Dollar (USD). Instead, it operates under a floating exchange rate system. In a floating exchange rate system, the value of the currency is determined by market forces, such as supply and demand in the foreign exchange market.

Historically, the Colombian Peso was pegged to the USD. This peg was established in 1931 when Colombia shifted from the gold standard and pegged its currency to the USD at a rate of 1.05 pesos to 1 dollar. However, this peg was abandoned in 1949 due to inflationary pressures in Colombia.

Is COP a Stable Currency?

The Colombian Peso (COP) exhibits characteristics of both stability and volatility, influenced by various economic factors. While Colombia has experienced periods of economic growth, with its GDP growth rate reaching nearly 7% in recent years, the COP has also faced fluctuations due to global market dynamics and internal economic challenges. For instance, the exchange rate of COP to USD has seen notable variations. In the early 2000s, the exchange rate hovered around 2,000 COP to 1 USD, but by the end of 2020, it had depreciated to approximately 3,500 COP to 1 USD. This depreciation reflects the impact of external factors like global oil prices and internal issues such as inflation and political uncertainty.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
$0.{4}4121
0.0200% / 0.0320%vip-iconcalculator.compare.vip
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$0
calculator.detail.affect_valume
$1.44919909
calculator.detail.affect_supply
0 DOGE-1

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 DOGE-1
$0.{4}2067
1 DOGE-1
$0.{4}4133
5 DOGE-1
$0.0002067
10 DOGE-1
$0.0004133
50 DOGE-1
$0.002067
100 DOGE-1
$0.004133
500 DOGE-1
$0.02067
1000 DOGE-1
$0.04133

coin.current_to_local

coin.amountcalculator.detail.time_
0.5COP12,097.46  DOGE-1
1COP24,194.91  DOGE-1
5COP120,974.56  DOGE-1
10COP241,949.12  DOGE-1
50COP1,209,745.62  DOGE-1
100COP2,419,491.25  DOGE-1
500COP12,097,456.23  DOGE-1
1000COP24,194,912.47  DOGE-1

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 DOGE-1$0.{8}4684$0.{8}4698
-0.31%
1 DOGE-1$0.{8}9367$0.{8}9396
-0.31%
5 DOGE-1$0.{7}4684$0.{7}4698
-0.31%
10 DOGE-1$0.{7}9367$0.{7}9396
-0.31%
50 DOGE-1$0.{6}4684$0.{6}4698
-0.31%
100 DOGE-1$0.{6}9367$0.{6}9396
-0.31%
500 DOGE-1$0.{5}4684$0.{5}4698
-0.31%
1000 DOGE-1$0.{5}9367$0.{5}9396
-0.31%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 DOGE-1$0.{8}4684$0.{8}7749
-39.56%
1 DOGE-1$0.{8}9367$0.{7}1550
-39.56%
5 DOGE-1$0.{7}4684$0.{7}7749
-39.56%
10 DOGE-1$0.{7}9367$0.{6}1550
-39.56%
50 DOGE-1$0.{6}4684$0.{6}7749
-39.56%
100 DOGE-1$0.{6}9367$0.{5}1550
-39.56%
500 DOGE-1$0.{5}4684$0.{5}7749
-39.56%
1000 DOGE-1$0.{5}9367$0.{4}1550
-39.56%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 DOGE-1$0.{8}4684$0.{7}1079
-56.61%
1 DOGE-1$0.{8}9367$0.{7}2159
-56.61%
5 DOGE-1$0.{7}4684$0.{6}1079
-56.61%
10 DOGE-1$0.{7}9367$0.{6}2159
-56.61%
50 DOGE-1$0.{6}4684$0.{5}1079
-56.61%
100 DOGE-1$0.{6}9367$0.{5}2159
-56.61%
500 DOGE-1$0.{5}4684$0.{4}1079
-56.61%
1000 DOGE-1$0.{5}9367$0.{4}2159
-56.61%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers