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IOTA to Colombian Peso Converter and calculator

Convert 1IOTA (IOTA) to Colombian Peso (COP) equals $ 869.78 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of IOTA(IOTA) to Colombian Peso(COP). This is the real-time data. The current conversion shows 1 IOTA at a value of 1 IOTA for 869.78 COP . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

COP information

About the Colombian Peso (COP)

What Is the Colombian Peso (COP)?

The Colombian Peso (COP), symbolized as $ and sometimes referred to as COL$, is the official currency of Colombia. It's divided into 100 centavos, although the smallest denomination commonly used is the 50 pesos coin due to the low value of the currency. The Colombian Peso is the sole legal tender in Colombia, and it is used for all transactions within the country.

The Colombian Peso (COP) is issued by the central bank of Colombia, known as "Banco de la República." This institution is responsible for regulating and maintaining the stability of the Colombian currency, as well as implementing the country's monetary policy.

What Is the History of COP?

The Colombian Peso was introduced in 1810, replacing the Spanish real, which was the currency during the colonial era. Initially, the peso was pegged to the real at a rate of 8 reals to 1 peso. In 1837, Colombia decimalized its currency, and the peso was subdivided into ten reales, each of 10 décimos de reales, later centavos. In the early 20th century, the peso was pegged to the British pound sterling but shifted its peg to the US dollar in 1931 when the UK abandoned the gold standard. The peg to USD lasted until 1949, influenced by Colombia's inflation.

Notes and Coins of COP

Colombian Peso (COP) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50, 100, 200, 500, and 1,000 pesos. Colombian banknotes are issued in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 pesos. Notably, the 50,000 peso banknote features vertical imagery, a unique aspect compared to other global currencies.

Is COP Pegged to USD?

The Colombian Peso (COP) is not pegged to the United States Dollar (USD). Instead, it operates under a floating exchange rate system. In a floating exchange rate system, the value of the currency is determined by market forces, such as supply and demand in the foreign exchange market.

Historically, the Colombian Peso was pegged to the USD. This peg was established in 1931 when Colombia shifted from the gold standard and pegged its currency to the USD at a rate of 1.05 pesos to 1 dollar. However, this peg was abandoned in 1949 due to inflationary pressures in Colombia.

Is COP a Stable Currency?

The Colombian Peso (COP) exhibits characteristics of both stability and volatility, influenced by various economic factors. While Colombia has experienced periods of economic growth, with its GDP growth rate reaching nearly 7% in recent years, the COP has also faced fluctuations due to global market dynamics and internal economic challenges. For instance, the exchange rate of COP to USD has seen notable variations. In the early 2000s, the exchange rate hovered around 2,000 COP to 1 USD, but by the end of 2020, it had depreciated to approximately 3,500 COP to 1 USD. This depreciation reflects the impact of external factors like global oil prices and internal issues such as inflation and political uncertainty.

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Bitget crypto-to-fiat exchange data shows that the most popular IOTA currency pair is the IOTA to COP, with for IOTA's currency code being IOTA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for COP.

IOTA to COP conversion rate trend

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In the past 1D, IOTA has changed -0.22% to COP. Based on the trend and price charts, IOTA(IOTA) has changed -0.22% to COP while Colombian Peso(COP) has changed % to IOTA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$869.78
0.0001% / 0.0004%vip-iconVIP
Binance
$876.05
0.1000% / 0.1000%
Yes
OKX
$875.28
0.080% / 0.100%
Yes
Huobi
$937.5
0.1000% / 0.1000%
Yes
Gate.io
$876.82
0.1000% / 0.1000%
Yes
KuCoin
$875.67
0.1000% / 0.1000%
Yes
Last updated 2024/05/29 15:00:17(UTC+0)

How to buy IOTA

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What factors influence the conversion rate of IOTA to Colombian Peso?

IOTA to Colombian Peso is falling this week.
IOTA's current market price is $ 869.78 per IOTA, with a total market cap of $ 2,858,886,332,280.22 COP based on a circulating supply of 3,286,918,400 IOTA. The trading volume of IOTA has changed by -8.86% ($ -6,369,402,079.64 COP) in the last 24 hours. Last trading day, IOTA's trading volume was $ 71,921,884,368.09.
Market cap
$744.38M
24h volume
$17.07M
Circulating supply
3.29B IOTA

Conversion tables

The exchange rate of IOTA is increasing.
1 IOTA is currently valued at $ 869.78 COP , which means buying 5 IOTA will cost $ 4,348.89 COP . Similarly, $1 COP can be traded for 0.001150 IOTA, and $50 COP can be converted to 0.05749 IOTA, excluding any platform or gas fees.
The exchange rate of 1 IOTA to Colombian Peso has changed by -1.22% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.22%, reaching a high of 895.91 COP and a low of 865.74 COP . One month ago, the value of 1 IOTA was $ 856.82 COP , which represents a +1.51% change from its current value. Over the last year, IOTA has changed by
+$
61.25COP
, resulting in a change of +7.57% in its value.

IOTA to COP

Amount
15:41 today
0.5 IOTA
$434.89
1 IOTA
$869.78
5 IOTA
$4,348.89
10 IOTA
$8,697.77
50 IOTA
$43,488.85
100 IOTA
$86,977.71
500 IOTA
$434,888.54
1000 IOTA
$869,777.07

COP to IOTA

Amount15:41 today
0.5COP0.0005749  IOTA
1COP0.001150  IOTA
5COP0.005749  IOTA
10COP0.01150  IOTA
50COP0.05749  IOTA
100COP0.1150  IOTA
500COP0.5749  IOTA
1000COP1.15  IOTA
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Today vs. 24 hours ago

Amount15:41 today24 hours ago24h change
0.5 IOTA$0.1132$0.1135
-0.22%
1 IOTA$0.2265$0.2270
-0.22%
5 IOTA$1.13$1.13
-0.22%
10 IOTA$2.26$2.27
-0.22%
50 IOTA$11.32$11.35
-0.22%
100 IOTA$22.65$22.7
-0.22%
500 IOTA$113.23$113.49
-0.22%
1000 IOTA$226.47$226.98
-0.22%

Today vs. 1 month ago

Amount15:41 today1 month ago1M change
0.5 IOTA$0.1132$0.1115
+1.51%
1 IOTA$0.2265$0.2231
+1.51%
5 IOTA$1.13$1.12
+1.51%
10 IOTA$2.26$2.23
+1.51%
50 IOTA$11.32$11.15
+1.51%
100 IOTA$22.65$22.31
+1.51%
500 IOTA$113.23$111.55
+1.51%
1000 IOTA$226.47$223.09
+1.51%
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Today vs. 1 year ago

Amount15:41 today1 year ago1Y change
0.5 IOTA$0.1132$0.1053
+7.57%
1 IOTA$0.2265$0.2105
+7.57%
5 IOTA$1.13$1.05
+7.57%
10 IOTA$2.26$2.11
+7.57%
50 IOTA$11.32$10.53
+7.57%
100 IOTA$22.65$21.05
+7.57%
500 IOTA$113.23$105.26
+7.57%
1000 IOTA$226.47$210.52
+7.57%

IOTA price prediction

What will the price of IOTA be in 2025?

Based on IOTA's historical price performance prediction model, the price of IOTA is projected to reach $0.2885 in 2025.

What will the price of IOTA be in 2030?

In 2030, the IOTA price is expected to rise by -4.00%. By the end of 2030, the IOTA price is projected to reach $0.6509, with a cumulative ROI of +187.40%.
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between IOTA and COP.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as IOTA and COP. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of IOTA in COP, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.