Colombia uses the Colombian peso (COP). In mid-2026 the rate hovers around 3,400 COP to 1 US dollar, though it swings — always check a live converter before you travel. A quick shortcut: drop three zeros and divide by ~3.4 to get USD (so 34,000 COP ≈ $10).
The notes and coins you’ll use
Banknotes come in 2,000 · 5,000 · 10,000 · 20,000 · 50,000 · 100,000 COP. The most useful habit: break big notes often. Taxis, vendors and small shops often can’t change a 50,000 or 100,000, so keep a stash of 10,000 and 20,000 notes.
Cash vs card in Medellín
Cards are widely accepted in El Poblado and Laureles restaurants, hotels and supermarkets. Carry cash for taxis, street food, small tiendas, markets and tips. A reasonable daily cash float is 100,000–200,000 COP.
Avoid the two classic money traps
- Dynamic currency conversion: when an ATM or terminal asks USD or COP, always choose COP (pesos). Choosing dollars gives them a terrible rate.
- Counterfeit notes: big bills feel like cloth, not paper — hold the watermark to the light. See common scams in Medellín.
For safe withdrawals read using ATMs in Medellín; for a full budget see Medellín vacation cost.
Frequently asked questions
What currency does Medellín use?
The Colombian peso (COP).
How many pesos to a dollar?
Around 3,400 COP per USD in mid-2026 — check the live rate.
Should I bring US dollars to Medellín?
Bring a little for emergencies, but pay in pesos; USD is rarely accepted and exchanges poorly.
Can I use credit cards in Medellín?
Yes in most established venues, but carry cash for taxis, street food and tips.
