COP/EUR: what to know
The COP/EUR rate shows how much EUR you get for 1 COP. Right now, 1 COP buys 0.000273 EUR at the mid-market rate. In the other direction, 1 EUR is worth 3,658.38 COP.
In the short term COP is driven mainly by oil and commodity prices, while EUR responds to ECB policy and eurozone growth.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.