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BAG to COP Converter and calculator

BAG/COP: 1 BAG = 0.5974 COP. The price of converting 1 Bag (BAG) to Colombian Peso (COP) is 0.5974 COP today.
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BAG
COP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides BAG to COP real-time exchange rates, making it easy to convert Bag (BAG) to Colombian Peso (COP). The conversion result is based on real-time data. The conversion result shows that 1 BAG is currently valued at 0.60 COP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 BAG is currently valued at 0.60 COP, which means buying 5 BAG would cost 2.99 COP. Similarly, $1 COP can be converted to 1.67 BAG, and $50 COP can be converted to 8.37 BAG, excluding any platform or gas fees.

Convert BAG to COP

Convert COP to BAG

Bag
Colombian Peso
5000 BAG
2,986.81  COP
10000 BAG
5,973.62  COP
In the table above, you'll find a comprehensive BAG to COP converter that shows the value of Bag in Colombian Peso across commonly used conversion amounts. The list covers conversions from 1 BAG to COP, all the way up to 10000 BAG, providing a clear view of their respective values.
Colombian Peso
Bag
10000 COP
16,740.27 BAG
50000 COP
83,701.36 BAG
100000 COP
167,402.73 BAG
In the table above, you'll find a comprehensive COP to BAG converter that shows the value of Colombian Peso in Bag across commonly used conversion amounts. The list covers conversions from 1 COP to BAG, all the way up to 100000 COP, providing a clear view of their respective values.

BAG to COP chart

BAG/COP: 1 BAG = 0.5974 COP; 2025/05/03 23:26:41
In the past 1D, Bag has changed -4.81% to COP. Based on the trend and price charts, Bag(BAG) has changed -4.81% to COP while Colombian Peso(COP) has changed % to BAG in the last 24 hours.
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BAG to COP conversion data: Volatility and price changes of Bag in COP

The highest Bag price in COP over the past 7 days was 0.6721 COP while the lowest Bag price in COP over the past 7 days was 0.5594 COP. The relative change between the highs and lows in Bag price in COP over the last 7 days indicates a volatility of %. You can view additional volatility data and BAG to COP prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.6280 COP
0.6721 COP
0.9032 COP
3.46 COP
Low
0.5594 COP
0.5594 COP
0.5108 COP
0.5108 COP
Average
0 COP
0 COP
0 COP
0 COP
Volatility
%
%
%
%
Change
-4.81%
-3.19%
-16.33%
-81.43%

Bag information

BAG to COP market statistics

BAG/COP:
$0.5974
BAG 24h volume:
$86,627,747.24
BAG market cap:
$2,619,153,176.87
BAG circulating supply:
4.38B BAG

Current BAG to COP exchange rate

Bag to Colombian Peso is falling this week.
Bag's current market price is $0.5974 per BAG, with a total market cap of $2,619,153,176.87 COP based on a circulating supply of 4,384,534,000 BAG. The trading volume of Bag has changed by +1.07% ($914,729.33 COP) in the last 24 hours. Last trading day, BAG's trading volume was $85,713,017.91.

More info about Bag on Bitget

Colombian Peso 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.

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

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How to convert BAG to COP

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BAG to COP Conversion tables

The exchange rate of Bag is decreasing.
The exchange rate of 1 BAG to Colombian Peso has changed by -3.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.81%, reaching a high of 0.6280 COP and a low of 0.5594 COP . One month ago, the value of 1 BAG was $0.7140 COP , which represents a -16.33% change from its current value. Over the last year, Bag has changed by
-$
12.54COP
, resulting in a change of -95.45% in its value.
24 hours ago1 month ago1 year ago
Amount23:26 today24 hours ago24h change
0.5 BAG$0.2987$0.3138
-4.81%
1 BAG$0.5974$0.6275
-4.81%
5 BAG$2.99$3.14
-4.81%
10 BAG$5.97$6.28
-4.81%
50 BAG$29.87$31.38
-4.81%
100 BAG$59.74$62.75
-4.81%
500 BAG$298.68$313.77
-4.81%
1000 BAG$597.36$627.54
-4.81%

BAG to COP FAQ

How much is 1 Bag in COP?
Right now, the price of 1 Bag (BAG) in Colombian Peso (COP) is $0.5974.
How much BAG can I buy for 1 COP?
Based on the current exchange rate, you can get 1.67 BAG for 1 COP.
How do I calculate or convert BAG to COP?
You can use our BAG to COP calculator at the top of this page to convert any amount of BAG to COP. We've also included quick-reference tables for the most popular conversions. For example, 5 COP is equivalent to 8.37 BAG, while 5 BAG will cost around 2.99COP.
What is the highest price of BAG/COP in history?
The all-time high price of 1 BAG in COP is $38.17. It remains to be seen if the value of 1 BAG/COP will exceed the current all-time high.
What is the price trend of Bag in COP?
Over the past 7 days, the exchange rate of Bag (BAG) has gone down by 3.19%.   Over the last month, the exchange rate of Bag (BAG) has gone down by 16.33% against Colombian Peso (COP).

What factors influence the conversion rate of BAG to COP?

There are many factors that affect the relationship between Bag and Colombian Peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of BAG/COP. When there is positive news in the market about the widespread adoption of BAG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of BAG/COP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in BAG/COP.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of BAG/COP. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Bag and adjust their investment strategies accordingly in the evolving market.

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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.