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Currency & Money Exchange in Bogota

 

Unlike most currencies in Latin America, the Colombian Peso (COP) is actually one of the oldest and most stable in the New World.  Recently, it has appreciated against the US Dollar (at times) more than any other currency in the world. 

 

The peso is distributed in the following denominations:

 

Bills

 

1000

un mil

2000

dos mil

5000

cinco mil

20000

veinte mil

50000

cincuenta mil

 

Coins

 

50

cincuenta

100

cien

200

doscientos

500

quinientos

 

 

NOTE: 

 

Be aware that it is recommended that you travel with at least a few smaller denominations and coins for your small cash purchases, as some grocery stores, taxis, etc. may not always have change for the larger 50000 COP bills.

 

When making small purchases, sometimes a total may come to an amount for which there is no (smaller than 50) denomination with which to return your change and the final figure will then be rounded up or down.  For example, if your purchase totals 5,042 (cinco mil cuarenta y dos mil), it will be rounded to 5,050, an insignificant adjustment in with relation to Euros or US Dollars.  

 

 

Money Exchange

 

Bogota Brilliance cannot advise you on the currency exchange rates, as they can vary from day to day and from agency to agency, but there are many money exchange agencies and banks that are available to assist you with your currency needs.  Of course it is advisable to shop around and compare exchange rates, fees and required documents before settling on a service (and don’t conduct such business with street vendors).  Be advised that some exchange agencies will ask for your passport (which they may photocopy) while some others will not.