Please check this site to convert from your currency to Colombian Pesos
https://www.xe.com/currencyconverter/
You can exchange your currency in any money exchange house, preferably inside malls.
Here is a quick overview of the Colombian Peso History:
Colombia’s currency history reflects its colonial past, struggles for independence, and economic developments over the centuries. Here’s a brief overview:
Spanish Colonial Period
Before independence, Colombia (part of the Viceroyalty of New Granada) used Spanish colonial currency. This consisted mainly of Spanish reales, and later, pesos, which were widespread in many Spanish colonies.
Early Republic Era
After gaining independence in 1810, Colombia, initially part of Gran Colombia (a state that encompassed modern-day Colombia, Venezuela, Ecuador, and Panama), began to issue its own currency. The early Colombian pesos were based on a silver standard, aligning with the Spanish peso system. In 1837, Colombia established the peso as the official national currency, which was divided into 8 reales.
Late 19th to Early 20th Century
During this period, Colombia experienced various economic challenges, including fluctuations in the value of silver and gold. In 1871, the country adopted the gold standard, pegging the peso to the French franc due to substantial trade with Europe, particularly France.
Mid-20th Century Reforms
In 1907, Colombia moved to a gold peso standard from a bimetallic standard. Significant currency reforms occurred in 1923 when the Banco de la República was established as the central bank, taking over the issuance of currency and implementing monetary policies. This period marked the beginning of modern financial regulation and monetary policy in Colombia.
The Colombian Peso in the Late 20th Century
By the late 20th century, the Colombian peso had abandoned the gold standard and experienced various devaluations due to economic pressures, including inflation. The 1990s were particularly challenging, marked by financial crises and high inflation rates.
21st Century
Today, the Colombian peso (COP) is a free-floating currency, primarily influenced by oil prices (a major export), foreign investment, and internal economic conditions. The currency has seen significant fluctuations, particularly influenced by global economic conditions and domestic factors like security issues and political stability.
Banknotes and coins of the modern Colombian peso feature iconic national symbols and figures, including politicians, writers, and ancient indigenous motifs, reflecting Colombia’s rich cultural heritage and history.
Throughout its history, the Colombian currency has been a mirror of the country’s economic aspirations, challenges, and its path towards establishing a stable and independent financial system.
