Convert 16 Canadian Dollar (CAD) to Colombian Peso (COP)
Exchange rates used for currency conversion updated on June 03rd 2020 ( 06/03/2020 )
Below you will find the latest exchange rates for exchanging Canadian Dollar (CAD) to Colombian Peso (COP) , a table containing most common conversions and a chart with the pair's evolution.
The Canadian Dollar (CAD) to Colombian Peso (COP) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
About Colombian Peso (COP)
The Columbian peso (COP) is the official currency used throughout the 32 departments of Columbia. It is issued by the central bank of Columbia, the Banco de la Republica, in coin denominations of 20, 50, 100, 200, and 500 and banknote denominations of 1000, 2000, 5000, 10,000, 20,000, and 50,000 pesos. Each peso is officially made of 100 centavo's, but due to the purchasing power of the peso, there are no coins in official circulation denominated in centavos. The official symbol for the COP is the "$" sign without any further designation.