2500 US Dollars to Colombian Pesos. Convert: USD in COP [Currency Matrix] (2024)

FAQs

How much is $2000 US dollars in Colombian pesos? ›

1 USD = 4,035.12 COP Aug 27, 2024 14:28 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

In early 2020, one U.S. dollar was the equivalent of COP$4,000. Most banks in Colombia do not exchange money. For that, you'll have to go to a money exchange, located in all major cities. There are money changers on the streets of Cartagena, but the street is not the best place for safe and honest transactions!

In 2022, the currency plummeted due to political uncertainty over President Petro's reform agenda, as well as rate hikes by the U.S. Fed. The exchange rate ended 2022 at COP 4,810 per USD, compared to the end-2021 value of COP 3,981 per USD and the figure a decade earlier of COP 1,927 per USD in Colombia.

At the current exchange rate, $50 is the equivalent of around 150,000 COP, so you have a fairly generous budget that should allow you to sleep, eat and see plenty of the sights.

In more modest neighborhoods such as La Soledad, units average between $213 to $256 for a small one-bedroom and $533 to $640 for a two-bedroom. Coastal cities like Cartagena vary greatly, with rental costs landing between $320 to $960 for a studio, depending on your chosen neighborhood.

Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

Why is Colombian peso so weak? ›

The Colombian peso is a currency that has historically been losing its value against the US dollar since 1931 when the government abandoned the old gold standard. This macroeconomic phenomenon of devaluation means that the national currency loses nominal value against other currencies.

US dollars are not accepted officially, but there are such run-on dollars at the moment that many shopkeepers would be glad to take them. It is better for travelers to go to official currency exchange houses to get a fair exchange rate, sometimes it is more convenient to pay in cash.

In Colombia the numbers are different. A household can be considered middle class if it earns between US$300 and US$850 per month, which is US$10 and US$29 per day. Any household earning anything more that this is considered high class and will be located on the top 10% of the richest in Colombia.

As a matter of fact, the national average salary in Colombia is 4,690,000 COP (1,059.83 USD) per month. The average rates in the country are generally the baseline of how much the average person earns, and it varies due to different factors.

Colombia

With immaculate beaches and luscious jungles, Colombia offers a little bit of everything. The average cost of food in Colombia is just $11 per day. It also ranked on this list of the best countries to retire 2024. 1 USD in Colombia equates to 4,071.19 COP.