Exchange GBP to COP - Convert Pound to Colombian Peso- Free Online Quote

GBP to COP Exchange Rate

Currency Exchange Rates for Colombian Peso. Currency Information on Colombian Peso - COP— Colombian Peso - $. The foreign exchange currency code for COP represents the Colombian Peso exchange rate

The Colombian peso is informally abbreviated to COL$, in order to distinguish it from other currencies which use the dollar sign as official symbols.

The Colombian peso was introduced in 1810, when it replaced the Colombian Real at a 1peso: 8 real ratio.

Currency Information on COP. 50, 100, 200, 500, 1000 peso coins are available, as are 20 peso coins, though these are not found frequently. 1,000, 2,000, 5,000, 10,000, 20,000 and 50,000 peso banknotes are currently in circulation.

The Republic of Columbia is one of the most significant countries in South America with its geographical location and its rich history. The Columbian Peso first issued, more than 200 hundred years ago, in 1810 has since lost much of its value because the country’s struggle with violence, drug trafficking and economic instability. Currently, one US dollar is worth more than 300 Columbian Pesos which shows that the Columbian Peso has very little value.

In order to meet with the economic crisis, the state bank of the Republic of Columbia has issued bank notes of greater denominations with the smallest banknote having the value of 2000 Columbian pesos. Other banknotes currently in use include 5000, 10000, 20000, 50000, and 10000 Columbian Pesos. In the early 1800s, when the Columbian economy was better, the state bank issued Columbian Peso coins minted out of silver and gold worth ¼ and  Columbian pesos but now only the new bi-metallic coins worth 500 and 1000 Columbian Pesos are in circulation. Older coins valued at 20, 50, 100, 200 are also available but might get discontinued soon.

The only issue with Columbian Peso is its extremely low value so you will have to carry thousands of them at a time just to make small purchases for instance a can of soda can cost you up to 3000 peso so you can only imagine the amount of Columbian Peso you require while grocery shopping or making any other big purchase. 

The US dollar is often used a substitute currency by affluent Columbians in order to make larger transactions as the dollar is far more stable and valuable than the instable and cheap Columbian Peso. Despite its current situation, the Columbian peso has had several rare coins and banknotes to which Columbians attach deep emotional and historic significance. Coin collectors take pride in owning a 18th century Columbian coins because of their rare design and exceptional history.

Convert Pound to Colombian Peso

Convert GBP to COP exchange rate. Buy and sell British Pounds to Colombian Peso. Convert COP to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to COP - Convert Pound to Colombian Peso for a Free Online Quote.

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