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Speedy to Colombian Peso Converter and calculator

Convert 1Speedy (SPEEDY) to Colombian Peso (COP) equals $ 0.01249 | 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 Speedy(SPEEDY) to Colombian Peso(COP). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.01 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 Speedy currency pair is the SPEEDY to COP, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for COP.

SPEEDY to COP conversion rate trend

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In the past 1D, Speedy has changed +13.99% to COP. Based on the trend and price charts, Speedy(SPEEDY) has changed +13.99% to COP while Colombian Peso(COP) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.01249
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/25 17:15:36(UTC+0)

How to buy Speedy

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

Speedy to Colombian Peso is falling this week.
Speedy's current market price is $ 0.01249 per SPEEDY, with a total market cap of $ 0 COP based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by +33.06% ($ 406,234,057.81 COP) in the last 24 hours. Last trading day, SPEEDY's trading volume was $ 1,228,859,929.61.
Market cap
$0
24h volume
$423.08K
Circulating supply
0 SPEEDY

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at $ 0.01249 COP , which means buying 5 SPEEDY will cost $ 0.06243 COP . Similarly, $1 COP can be traded for 80.09 SPEEDY, and $50 COP can be converted to 4,004.68 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Colombian Peso has changed by -28.74% in the last 7 days. In the last 24 hours, the rate has fluctuated by +13.99%, reaching a high of 0.01448 COP and a low of 0.01052 COP . One month ago, the value of 1 SPEEDY was $ 0.02934 COP , which represents a -57.33% change from its current value. Over the last year, Speedy has changed by
+$
0.01254COP
, resulting in a change of --% in its value.

SPEEDY to COP

Amount
17:15 today
0.5 SPEEDY
$0.006243
1 SPEEDY
$0.01249
5 SPEEDY
$0.06243
10 SPEEDY
$0.1249
50 SPEEDY
$0.6243
100 SPEEDY
$1.25
500 SPEEDY
$6.24
1000 SPEEDY
$12.49

COP to SPEEDY

Amount17:15 today
0.5COP40.05  SPEEDY
1COP80.09  SPEEDY
5COP400.47  SPEEDY
10COP800.94  SPEEDY
50COP4,004.68  SPEEDY
100COP8,009.37  SPEEDY
500COP40,046.83  SPEEDY
1000COP80,093.67  SPEEDY
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Today vs. 24 hours ago

Amount17:15 today24 hours ago24h change
0.5 SPEEDY$0.{5}1615$0.{5}1416
+13.99%
1 SPEEDY$0.{5}3231$0.{5}2832
+13.99%
5 SPEEDY$0.{4}1615$0.{4}1416
+13.99%
10 SPEEDY$0.{4}3231$0.{4}2832
+13.99%
50 SPEEDY$0.0001615$0.0001416
+13.99%
100 SPEEDY$0.0003231$0.0002832
+13.99%
500 SPEEDY$0.001615$0.001416
+13.99%
1000 SPEEDY$0.003231$0.002832
+13.99%

Today vs. 1 month ago

Amount17:15 today1 month ago1M change
0.5 SPEEDY$0.{5}1615$0.{5}3795
-57.33%
1 SPEEDY$0.{5}3231$0.{5}7590
-57.33%
5 SPEEDY$0.{4}1615$0.{4}3795
-57.33%
10 SPEEDY$0.{4}3231$0.{4}7590
-57.33%
50 SPEEDY$0.0001615$0.0003795
-57.33%
100 SPEEDY$0.0003231$0.0007590
-57.33%
500 SPEEDY$0.001615$0.003795
-57.33%
1000 SPEEDY$0.003231$0.007590
-57.33%
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Today vs. 1 year ago

Amount17:15 today1 year ago1Y change
0.5 SPEEDY$0.{5}1615$-0.{8}6991
--
1 SPEEDY$0.{5}3231$-0.{7}1398
--
5 SPEEDY$0.{4}1615$-0.{7}6991
--
10 SPEEDY$0.{4}3231$-0.{6}1398
--
50 SPEEDY$0.0001615$-0.{6}6991
--
100 SPEEDY$0.0003231$-0.{5}1398
--
500 SPEEDY$0.001615$-0.{5}6991
--
1000 SPEEDY$0.003231$-0.{4}1398
--

Speedy price prediction

What will the price of SPEEDY be in 2025?

Based on SPEEDY's historical price performance prediction model, the price of SPEEDY is projected to reach -- in 2025.

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by -16.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
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Buy Speedy for 1 COP
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