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Money Changing, Bogotá


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Money Changing
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Money Changing: Money
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  • Updated By acemj on December 30, 2007
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  • The official currency of Colombia is the Peso (COP) and at the time of this writing the exchange is as follows:
    1 USD = 2010 COP
    I Euro = 2963 COP

    As I stated in the Warnings and Dangers section, be cautious with flashing money around here for safety reasons. ATMs are found around town and many are well-lighted, but be aware of your surroundings when you are near at ATM.

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    Money Changing: Colombian Currency
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  • I really felt its too bureaucratic to change cash at the airport. First of all, you give the USD to change. And they ask you for your passport and fill out a lengthy form by themselves but they often ask you questions. 'what do you do...bla bla bla' What I have already filled out at the immigration. Second you are asked to give your thumbprint, com'on! Everyone was doing this! Third you are given only the larger banknotes and if you wanna get a change you have to wait again. When I found out the yellow taxis accept USD along with Colombian pesos, it could be easier and quicker if I haven changed at all and would have got my money from ATM instead.

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    Money Changing: Colmbian Currency 2
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  • Due to the low value of USD I understood people are giving you a little poorper rate. Perhaps all better if you just get a better rate through ATM.

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    Money Changing: Money exchange
    City view from the highrise window - Bogotá
    City view from the highrise
    window
    by Nantesha, 4 more photos
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    Know the exchange rate before you go out there.

    http://www.oanda.com/convert/classic

    Change it at the airport because it's fast and easy and safest. Also, do not exchange too much (I changed $100 and it lasted me for 11 days). Of coouse, i stayed with friend's family so I didn't spend as much. In fact, I ended up giving a large amount of pesos to my friend's uncle before I left because there was nothing I would be able to do with it at home.

    If you are to stay in the big city of Bogota, then you could actually shop using your credit card. Consider this: everything is really cheap there! And you do not want to carry a lot of money around with you. I was advised of that early on.

    I only stayed in Bogota for a night and left the next day. Most of my stay was in Chapparal - 5 hours away from Bogota.

    I made a mistake booking my ticket and had to stay an extra day and was scared. Luckily, my friend's family took very good care of me. The eldest son (who was so cute!) took me out on the town that evening. We hit all the local bars, which played classic rock hits,, and walked through the city streets. It reminded me of NY and some of it's shady characters, college students, and city slickers. Some drunks too! But we were absolutely safe and I had not worries, even being Asian (there weren't that many around).

    Every person I met was extremely friendly, generous and nice. I am looking foward to going back! Hopefully 2007 in the summer.

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