Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Tether USDt

Tether USDt to Colombian Peso Converter and calculator

Convert 1Tether USDt (USDT) to Colombian Peso (COP) equals $ 3,872.07 | 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.

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

USDT to COP conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed -0.04% to COP. Based on the trend and price charts, Tether USDt(USDT) has changed -0.04% to COP while Colombian Peso(COP) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$3,872.07
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/16 12:55:05(UTC+0)

What factors influence the conversion rate of Tether USDt to Colombian Peso?

Tether USDt to Colombian Peso is rising this week.
Tether USDt's current market price is $ 3,872.07 per USDT, with a total market cap of $ 417,130,874,387,322.1 COP based on a circulating supply of 107,728,050,000 USDT. The trading volume of Tether USDt has changed by +2.74% ($ 9,164,675,101,602.63 COP) in the last 24 hours. Last trading day, USDT's trading volume was $ 334,709,291,172,805.94.
Market cap
$107.79B
24h volume
$88.86B
Circulating supply
107.73B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at $ 3,872.07 COP , which means buying 5 USDT will cost $ 19,360.36 COP . Similarly, $1 COP can be traded for 0.0002583 USDT, and $50 COP can be converted to 0.01291 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Colombian Peso has changed by +0.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.04%, reaching a high of 3,876.66 COP and a low of 3,868.96 COP . One month ago, the value of 1 USDT was $ 3,865.26 COP , which represents a +0.18% change from its current value. Over the last year, Tether USDt has changed by
+$
1.58COP
, resulting in a change of +0.04% in its value.

USDT to COP

Amount
12:55 today
0.5 USDT
$1,936.04
1 USDT
$3,872.07
5 USDT
$19,360.36
10 USDT
$38,720.73
50 USDT
$193,603.64
100 USDT
$387,207.29
500 USDT
$1,936,036.43
1000 USDT
$3,872,072.86

COP to USDT

Amount12:55 today
0.5COP0.0001291  USDT
1COP0.0002583  USDT
5COP0.001291  USDT
10COP0.002583  USDT
50COP0.01291  USDT
100COP0.02583  USDT
500COP0.1291  USDT
1000COP0.2583  USDT
share

Today vs. 24 hours ago

Amount12:55 today24 hours ago24h change
0.5 USDT$0.5003$0.5005
-0.04%
1 USDT$1$1
-0.04%
5 USDT$5$5
-0.04%
10 USDT$10.01$10.01
-0.04%
50 USDT$50.03$50.05
-0.04%
100 USDT$100.06$100.1
-0.04%
500 USDT$500.28$500.48
-0.04%
1000 USDT$1,000.57$1,000.97
-0.04%

Today vs. 1 month ago

Amount12:55 today1 month ago1M change
0.5 USDT$0.5003$0.4994
+0.18%
1 USDT$1$0.9988
+0.18%
5 USDT$5$4.99
+0.18%
10 USDT$10.01$9.99
+0.18%
50 USDT$50.03$49.94
+0.18%
100 USDT$100.06$99.88
+0.18%
500 USDT$500.28$499.4
+0.18%
1000 USDT$1,000.57$998.81
+0.18%

Today vs. 1 year ago

Amount12:55 today1 year ago1Y change
0.5 USDT$0.5003$0.5001
+0.04%
1 USDT$1$1
+0.04%
5 USDT$5$5
+0.04%
10 USDT$10.01$10
+0.04%
50 USDT$50.03$50.01
+0.04%
100 USDT$100.06$100.02
+0.04%
500 USDT$500.28$500.08
+0.04%
1000 USDT$1,000.57$1,000.16
+0.04%

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.