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The Colombian peso was a bit of a wild card in 2018, with its value fluctuating against the US dollar.
In January 2018, the peso was trading at around 3,300 to the dollar, but by the end of the year, its value had dropped to around 3,800.
If you were traveling to Colombia in 2018, you might have noticed that prices for everyday items were significantly higher than they were a year or two prior.
As the peso continued to decline, many Colombians saw their purchasing power decrease, making everyday expenses more challenging to afford.
Historical Exchange Rates
In 2018, the USD/COP exchange rate saw a significant increase, rising by +8.69% compared to the previous year. This means the US Dollar gained value compared to the Colombian Peso.
The Colombian Peso, on the other hand, lost value against the US Dollar in 2018, with the COP/USD rate dropping by -8.00%.
If you're looking to view exchange rates between the Colombian Peso and the US Dollar for a specific year, you can click on one of the links below, which include rates for 2018 and other years from 2017 down to 2006.
Here's a breakdown of the value of the Colombian Peso over time, including its value in 2018 and subsequent years:
As you can see, the value of the Colombian Peso has fluctuated over the years, with 2018 being a notable year for the USD/COP exchange rate.
Conversion and Inflation
To convert Colombian pesos to US dollars, simply type in the amount you want to convert, select COP as the currency you want to convert from and USD as the currency you want to convert to, and our currency converter will show you the current COP to USD rate and how it's changed over the past day, week or month.
The exchange rate for Colombian peso to US dollars is currently 0.000, reflecting a 0.369% change since yesterday. The value of Colombian peso has remained relatively stable, with a 1.315% increase compared to its value 7 days ago.
If you're interested in seeing the historical exchange rate data, you can view the USD/COP or COP/USD exchange rate history for 2018. The USD/COP rate is up +8.69% in 2018, while the COP/USD rate is down -8.00% in 2018.
To calculate the time value of money and account for inflation, you can use the Consumer Price Index (CPI) formula or the compound interest formula, depending on the data available.
Colombian Peso Overview
The Colombian Peso is the official currency of Colombia, and in 2018, it was trading at around 3,200 to 3,300 pesos per US dollar.
It's worth noting that the Colombian Peso has been subject to fluctuations in value over the years due to various economic factors.
In 2018, the Colombian government implemented a series of economic reforms aimed at stabilizing the peso and boosting economic growth.
The peso has a long history dating back to the 19th century, and it has undergone several periods of inflation and devaluation.
In 2018, the Colombian Central Bank kept the benchmark interest rate unchanged at 7.25% to control inflation and stabilize the peso.
Exchange Rate Information
If you're looking for information on the exchange rate between the US Dollar and the Colombian Peso, you can find it by year. To view rates between the two currencies for a specific year, click on the corresponding link.
The exchange rate between the US Dollar and the Colombian Peso varies from year to year, so it's essential to check the current rate or historical rates to make informed decisions.
You can view exchange rates between the US Dollar and the Colombian Peso for the following years: 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, and 2016.
Here are the years listed in a table for easy reference:
Conversion Guides
The Colombian peso has a current exchange rate of 0.000 to USD, reflecting a 0.369% change since yesterday.
The value of the Colombian peso has remained relatively stable over the past week, with a 1.315% increase compared to its value 7 days ago.
You can get a sense of the peso's stability by looking at the exchange rate chart, which shows the current rate and its fluctuations over time.
The exchange rate chart shows that the peso's value is currently 0.000 to USD.
Sources
- https://www.exchange-rates.org/exchange-rate-history/usd-cop-2018
- https://www.exchange-rates.org/exchange-rate-history/cop-usd-2018
- https://www.inflationtool.com/colombian-peso/2018-to-present-value
- https://www.howtobogota.com/colombia-currency-colombian-peso/
- https://wise.com/us/currency-converter/cop-to-usd-rate/history
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