About this pair
COP/USD: what to know
The COP/USD rate shows how much USD you get for 1 COP. Right now, 1 COP buys 0.000323900 USD at the mid-market rate. In the other direction, 1 USD is worth 3,087.37 COP.
In the short term COP is driven mainly by oil and commodity prices, while USD responds to Fed policy, US growth and global risk appetite.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.