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Polygon to Colombian Peso Converter and calculator

Convert 1Polygon (MATIC) to Colombian Peso (COP) equals $ 2,865.29 | 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 Polygon(MATIC) to Colombian Peso(COP). This is the real-time data. The current conversion shows 1 MATIC at a value of 1 MATIC for 2,865.29 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 Polygon currency pair is the MATIC to COP, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for COP.

MATIC to COP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed +8.33% to COP. Based on the trend and price charts, Polygon(MATIC) has changed +8.33% to COP while Colombian Peso(COP) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$2,852.37
0.0001% / 0.0004%vip-iconVIP
Binance
$2,863.86
0.1000% / 0.1000%
Yes
Coinbase Exchange
$2,865.43
0.1000% / 0.1000%
Yes
Kraken
$2,853.28
0.1000% / 0.1000%
Yes
OKX
$2,863.47
0.080% / 0.100%
Yes
Huobi
$2,863.86
0.1000% / 0.1000%
Yes
Gate.io
$2,863.86
0.1000% / 0.1000%
Yes
Bybit
$2,851.71
0.1000% / 0.1000%
Yes
KuCoin
$2,862.68
0.1000% / 0.1000%
Yes
Bitfinex
$2,863.82
0.1000% / 0.1000%
Yes
Last updated 2024/04/20 19:00:34(UTC+0)

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

Polygon to Colombian Peso is rising this week.
Polygon's current market price is $ 2,865.29 per MATIC, with a total market cap of $ 28,351,330,118,774.44 COP based on a circulating supply of 9,894,740,000 MATIC. The trading volume of Polygon has changed by -38.78% ($ -621,219,791,426.54 COP) in the last 24 hours. Last trading day, MATIC's trading volume was $ 1,602,060,514,867.43.
Market cap
$7.23B
24h volume
$250.22M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at $ 2,865.29 COP , which means buying 5 MATIC will cost $ 14,326.47 COP . Similarly, $1 COP can be traded for 0.0003490 MATIC, and $50 COP can be converted to 0.01745 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Colombian Peso has changed by +1.70% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.33%, reaching a high of 2,884.02 COP and a low of 2,604.06 COP . One month ago, the value of 1 MATIC was $ 3,834.36 COP , which represents a -25.27% change from its current value. Over the last year, Polygon has changed by
-$
1,111.17COP
, resulting in a change of -27.94% in its value.

MATIC to COP

Amount
19:08 today
0.5 MATIC
$1,432.65
1 MATIC
$2,865.29
5 MATIC
$14,326.47
10 MATIC
$28,652.93
50 MATIC
$143,264.66
100 MATIC
$286,529.32
500 MATIC
$1,432,646.6
1000 MATIC
$2,865,293.2

COP to MATIC

Amount19:08 today
0.5COP0.0001745  MATIC
1COP0.0003490  MATIC
5COP0.001745  MATIC
10COP0.003490  MATIC
50COP0.01745  MATIC
100COP0.03490  MATIC
500COP0.1745  MATIC
1000COP0.3490  MATIC
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Today vs. 24 hours ago

Amount19:08 today24 hours ago24h change
0.5 MATIC$0.3655$0.3374
+8.33%
1 MATIC$0.7310$0.6747
+8.33%
5 MATIC$3.65$3.37
+8.33%
10 MATIC$7.31$6.75
+8.33%
50 MATIC$36.55$33.74
+8.33%
100 MATIC$73.1$67.47
+8.33%
500 MATIC$365.48$337.37
+8.33%
1000 MATIC$730.97$674.74
+8.33%

Today vs. 1 month ago

Amount19:08 today1 month ago1M change
0.5 MATIC$0.3655$0.4891
-25.27%
1 MATIC$0.7310$0.9782
-25.27%
5 MATIC$3.65$4.89
-25.27%
10 MATIC$7.31$9.78
-25.27%
50 MATIC$36.55$48.91
-25.27%
100 MATIC$73.1$97.82
-25.27%
500 MATIC$365.48$489.09
-25.27%
1000 MATIC$730.97$978.18
-25.27%

Today vs. 1 year ago

Amount19:08 today1 year ago1Y change
0.5 MATIC$0.3655$0.5072
-27.94%
1 MATIC$0.7310$1.01
-27.94%
5 MATIC$3.65$5.07
-27.94%
10 MATIC$7.31$10.14
-27.94%
50 MATIC$36.55$50.72
-27.94%
100 MATIC$73.1$101.44
-27.94%
500 MATIC$365.48$507.22
-27.94%
1000 MATIC$730.97$1,014.44
-27.94%

FAQ

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.