1 COP to KRW | Colombian Peso to South Korean Won

Learn how to get the best Colombian Peso exchange rate before exchanging your money

The Colombian Peso is the official Colombian Peso currency. COP/KRW represents the value of Colombian Peso money in South Korean Won money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Colombian Peso to South Korean Won is today at 0.352.

As an example, suppose you are from Seoul South Korea and you travel to Bogota Colombia. There, you need to get 1000 Colombian Pesos ( $) at a Bogota bank to pay your hotel. In this case you would pay 0.352 * 1000 = 352.416 South Korean Wons (₩). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.

In the example above for a 1000 Colombian Pesos amount, the result of the money conversion is 359.464 KRW for a 2% margin or 362.988 KRW for a 3% margin.

Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 35.242 KRW depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.

Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.

By the way: there are some notations for this currency pair like COP-KRW or COPKRW among others. The currency symbol for Colombian Peso is ($) while the currency symbol for South Korean Won is (₩). Note also that the Colombia country code is COL or CO. The South Korea country code is KOR or KR