Money Changing Bogotá tips from real travelers and locals in Bogotá

The Colombian currency is the Colombian Peso. Nowadays, 50,100, 200 and 500 coins are in circulation, as well as 1000, 2000, 5000,10000, 20000, 50000 and 100000 bills.

It is impossible to inform the dollar exchange rate, because the value of the national currency fluctuates every day. In order to carry out its transactions, the visitor can go to the multiple exchange agencies found all over the city, or the most of banks, where he must identify himself as a foreign tourist in order to obtain a better price n the transactions. Generally, negotiations are carried out with north American dollars, but sporadically some agencies exchange euros and Canadian dollars.

Try not to make transactions in the hotel you lodge, or other occasional places, since you will surely loose up to 15% of their value.

Travelers‘ checks are not easily received. They are sometimes accepted in some exchange agencies such as EURODOLAR, where VISA, THOMAS COOK AMERICAN EXPRESS and CITICORP checks are welcomed.

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