


AED 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.
GT to AED conversion rate trend
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Current GT to AED exchange rate
GateToken to Colombian Peso is falling this week.GT to AED Conversion tables
The exchange rate of GateToken is increasing.GT to AED
AED to GT
GT to AED Today vs. 24 hours ago
Amount | 10:04 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 GT | د.إ41.15 | د.إ40.54 | +1.50% |
1 GT | د.إ82.3 | د.إ81.08 | +1.50% |
5 GT | د.إ411.51 | د.إ405.42 | +1.50% |
10 GT | د.إ823.01 | د.إ810.85 | +1.50% |
50 GT | د.إ4,115.06 | د.إ4,054.24 | +1.50% |
100 GT | د.إ8,230.12 | د.إ8,108.49 | +1.50% |
500 GT | د.إ41,150.62 | د.إ40,542.45 | +1.50% |
1000 GT | د.إ82,301.24 | د.إ81,084.89 | +1.50% |
GT to AED Today vs. 1 month ago
Amount | 10:04 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 GT | د.إ41.15 | د.إ37.47 | +9.83% |
1 GT | د.إ82.3 | د.إ74.94 | +9.83% |
5 GT | د.إ411.51 | د.إ374.71 | +9.83% |
10 GT | د.إ823.01 | د.إ749.43 | +9.83% |
50 GT | د.إ4,115.06 | د.إ3,747.13 | +9.83% |
100 GT | د.إ8,230.12 | د.إ7,494.25 | +9.83% |
500 GT | د.إ41,150.62 | د.إ37,471.25 | +9.83% |
1000 GT | د.إ82,301.24 | د.إ74,942.5 | +9.83% |
GT to AED Today vs. 1 year ago
Amount | 10:04 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 GT | د.إ41.15 | د.إ14.51 | +183.87% |
1 GT | د.إ82.3 | د.إ29.02 | +183.87% |
5 GT | د.إ411.51 | د.إ145.11 | +183.87% |
10 GT | د.إ823.01 | د.إ290.22 | +183.87% |
50 GT | د.إ4,115.06 | د.إ1,451.09 | +183.87% |
100 GT | د.إ8,230.12 | د.إ2,902.18 | +183.87% |
500 GT | د.إ41,150.62 | د.إ14,510.9 | +183.87% |
1000 GT | د.إ82,301.24 | د.إ29,021.8 | +183.87% |
How to convert GT to AED



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