Convert United States Dollar to Colombian Peso
Please provide values below to convert United States Dollar [USD] to Colombian Peso [COP], or Convert Colombian Peso to United States Dollar.
How to Convert United States Dollar to Colombian Peso
1 USD = 0.000248051259693595 COP
Example: convert 15 USD to COP:
15 USD = 15 × 0.000248051259693595 COP = 0.00372076889540393 COP
United States Dollar to Colombian Peso Conversion Table
| United States Dollar | Colombian Peso |
|---|
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Colombian Peso
The Colombian Peso (COP) is the official currency of Colombia, used for all monetary transactions within the country.
History/Origin
The Colombian Peso was introduced in 1810, replacing the real, and has undergone various reforms and redenominations over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the COP is widely used in Colombia for everyday transactions, banking, and international trade, with coins and banknotes issued by the Banco de la República.