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base info NEAR Protocol

NEAR Protocol to Colombian Peso Converter and calculator

Convert 1NEAR Protocol (NEAR) to Colombian Peso (COP) equals $ 20,577.89 | Bitget

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 NEAR Protocol currency pair is the NEAR to COP, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for COP.

NEAR to COP conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed -6.68% to COP. Based on the trend and price charts, NEAR Protocol(NEAR) has changed -6.68% to COP while Colombian Peso(COP) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$20,446.46
0.0001% / 0.0004%vip-iconVIP
Binance
$20,447.6
0.1000% / 0.1000%
Yes
Coinbase Exchange
$20,413.27
0.1000% / 0.1000%
Yes
OKX
$20,432.34
0.080% / 0.100%
Yes
Huobi
$20,432.34
0.1000% / 0.1000%
Yes
Gate.io
$20,443.79
0.1000% / 0.1000%
Yes
Bybit
$20,451.04
0.1000% / 0.1000%
Yes
KuCoin
$20,425.1
0.1000% / 0.1000%
Yes
Bitfinex
$20,487.28
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 12:00:32(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Colombian Peso?

NEAR Protocol to Colombian Peso is falling this week.
NEAR Protocol's current market price is $ 20,577.89 per NEAR, with a total market cap of $ 21,933,821,921,117.89 COP based on a circulating supply of 1,065,892,700 NEAR. The trading volume of NEAR Protocol has changed by +67.58% ($ 2,391,875,484,708.3 COP) in the last 24 hours. Last trading day, NEAR's trading volume was $ 3,539,115,004,599.17.
Market cap
$5.75B
24h volume
$1.55B
Circulating supply
1.07B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at $ 20,577.89 COP , which means buying 5 NEAR will cost $ 102,889.44 COP . Similarly, $1 COP can be traded for 0.{4}4860 NEAR, and $50 COP can be converted to 0.002430 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Colombian Peso has changed by -22.39% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.68%, reaching a high of 22,322.02 COP and a low of 16,487.64 COP . One month ago, the value of 1 NEAR was $ 28,179.33 COP , which represents a -26.99% change from its current value. Over the last year, NEAR Protocol has changed by
+$
145.77COP
, resulting in a change of +129.23% in its value.

NEAR to COP

Amount
12:10 today
0.5 NEAR
$10,288.94
1 NEAR
$20,577.89
5 NEAR
$102,889.44
10 NEAR
$205,778.88
50 NEAR
$1,028,894.39
100 NEAR
$2,057,788.78
500 NEAR
$10,288,943.88
1000 NEAR
$20,577,887.77

COP to NEAR

Amount12:10 today
0.5COP0.{4}2430  NEAR
1COP0.{4}4860  NEAR
5COP0.0002430  NEAR
10COP0.0004860  NEAR
50COP0.002430  NEAR
100COP0.004860  NEAR
500COP0.02430  NEAR
1000COP0.04860  NEAR
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Today vs. 24 hours ago

Amount12:10 today24 hours ago24h change
0.5 NEAR$2.7$2.89
-6.68%
1 NEAR$5.39$5.78
-6.68%
5 NEAR$26.97$28.9
-6.68%
10 NEAR$53.94$57.8
-6.68%
50 NEAR$269.71$288.98
-6.68%
100 NEAR$539.42$577.96
-6.68%
500 NEAR$2,697.08$2,889.82
-6.68%
1000 NEAR$5,394.15$5,779.64
-6.68%

Today vs. 1 month ago

Amount12:10 today1 month ago1M change
0.5 NEAR$2.7$3.69
-26.99%
1 NEAR$5.39$7.39
-26.99%
5 NEAR$26.97$36.93
-26.99%
10 NEAR$53.94$73.87
-26.99%
50 NEAR$269.71$369.34
-26.99%
100 NEAR$539.42$738.67
-26.99%
500 NEAR$2,697.08$3,693.37
-26.99%
1000 NEAR$5,394.15$7,386.74
-26.99%

Today vs. 1 year ago

Amount12:10 today1 year ago1Y change
0.5 NEAR$2.7$1.18
+129.23%
1 NEAR$5.39$2.36
+129.23%
5 NEAR$26.97$11.78
+129.23%
10 NEAR$53.94$23.56
+129.23%
50 NEAR$269.71$117.8
+129.23%
100 NEAR$539.42$235.59
+129.23%
500 NEAR$2,697.08$1,177.97
+129.23%
1000 NEAR$5,394.15$2,355.94
+129.23%

FAQ

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