Colombia is straightforward for travellers when it comes to money: cards work well in the cities, the peso goes a long way, and a little cash on hand covers the rest. Here’s how it works and what to budget.
The currency is the Colombian peso (COP). You’ll pay for almost everything in pesos — US dollars aren’t generally accepted in shops and restaurants, so bring dollars to exchange rather than to spend. It’s worth carrying a little local cash for small shops, markets, and tips that don’t take cards. Change money at banks, hotels, or official exchange offices for the best rates and to avoid counterfeit notes.
Credit and debit cards are widely accepted, with Visa and Mastercard the most useful. ATMs are easy to find in the main cities — stay aware of your surroundings when withdrawing, and prefer machines inside banks or shopping centres. A few habits help:
Your money goes a long way in Colombia — expect to pay roughly half what you would in the US or Western Europe for everyday meals and shopping. Prices include 19% VAT (called IVA). One useful saving: non-resident foreign tourists are exempt from the 19% IVA on hotel accommodation, which reputable hotels apply automatically when you show your passport.
Tipping is modest and usually given in cash. In restaurants a 10% service charge (propina) is normally added to the bill — you may be asked whether to include it — and you can add a little more for great service. Tour guides appreciate around US$5–10 per day and drivers US$2–3; taxis aren’t tipped, though rounding up is welcome.
The favourable exchange rate makes Colombia a great place for gifts. Look for high-quality textiles, leather goods, emerald and gold jewellery, the traditional mochila shoulder bag, and — of course — some of the world’s finest coffee to take home.
Ready to plan the trip? Explore our Colombia tours — we handle the logistics so you can focus on the experience.
