Everything you need to know
Colombia Currency
Travelling to or living in Colombia? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Colombia
Open a UK bank account with us and get a GoCard for smarter spending in Colombia. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Colombia?
The official currency of Colombia is the Colombian peso
The Colombian peso replaced the Colombian real in 1810 and has undergone several redenominations. It is issued by the Banco de la República and subdivided into 100 centavos, though coins are rarely used for small values.
COP, $
Banknotes
$1,000
$2,000
$5,000
$10,000
$20,000
$50,000
$100,000
Coins
50
100
200
500
1,000 pesos
Popular Peso pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Colombia
Cash is still common in markets, small towns, and taxis. In cities like Bogotá, Medellín, and Cartagena, credit and debit cards are widely accepted in shops, restaurants, and hotels. Mobile payments are emerging but not yet mainstream. ATMs are widely available in urban areas.
Tips for exchanging money in Colombia
Use banks or official exchange offices for safe and fair rates.
Avoid street money changers or airport kiosks.
Always pay in pesos, not dollars.
Carry small notes for buses, street food, and markets.
With TransferGo, you can spend directly with your GoCard—avoiding extra bank charges.
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Frequently asked questions
What is the official currency used in Colombia?
Colombian peso (COP).
What is the official currency used in Colombia?
Symbol: $ | Code: COP
Can I use my home currency in Colombia?
No, pesos are required.
How can I use my GoCard in Colombia?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Colombia?
Cash is essential; cards are common in cities.
Are credit or debit cards widely accepted in Colombia?
Yes, mainly in urban areas and larger businesses.
Are there ATMs available in Colombia, and are there withdrawal limits?
Yes, in cities; limits vary by bank.
Can I use a GoCard in Colombia?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.