COP/RON: what to know
The COP/RON rate shows how much RON you get for 1 COP. Right now, 1 COP buys 0.00146901 RON at the mid-market rate. In the other direction, 1 RON is worth 680.7296 COP.
In the short term COP is driven mainly by oil and commodity prices, while RON responds to regional sentiment and euro moves.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.