When traveling to Colombia, please be advise that the local currency is the Colombian Pesos and local transactions are done in this currency by law (there are some exceptions) therefore it's important to have plan for exchanging currency. Here are some tips for the best way to exchange currency when traveling to Colombia:

1.      Use ATMs

One of the easiest and most convenient ways to exchange currency is by using ATMs. They are widely available in Colombia and offer competitive exchange rates. Look for ATMs located inside banks or shopping centers, as these are generally more secure. Be aware that some ATMs may charge fees for withdrawals or currency conversions, so check with your bank before you go and also advise of your trip as some banks may block transactions deem suspicious. 

It is important to have in mind that ATMs only allows to withdraw about 600-700 USD per day, nad it has to be done in multiple withdraws. 

2.      Exchange currency at banks or exchange houses

Another option is to exchange currency at banks or exchange houses. Banks generally offer the best exchange rates but may also have long lines and require ID or other documentation. Exchange houses may offer slightly lower rates but are generally more convenient and don't require as much documentation. Look for reputable exchange houses with good reviews and be sure to count your money before leaving.

We recommend you go to Oviedo Mall, in there you can find multiple exchange houses, so you can look for the best rate. Its location is perfect if you are staying in Poblado.

3.      Avoid exchanging currency at airports or hotels.

While it may be tempting to exchange currency at airports or hotels for convenience, these places generally offer poor exchange rates and charge high fees. If possible, wait until you arrive in the city to exchange your money.

4.      Consider using a travel card.

If you plan on traveling to Colombia frequently or for an extended period, consider using a travel card. These are prepaid cards that you can load with money and use like a debit card. They offer competitive exchange rates and can be used at ATMs or in stores. Look for travel cards that don't charge fees for currency conversions or withdrawals.

In conclusion, there are several options for exchanging currency when traveling to Colombia. With a little planning and caution, you can have a hassle-free experience exchanging currency and enjoy your travels in this beautiful country. Remember that you can contact us at any time to receive more information. 

*** In TourPoint Medellin we accept american dollars, euros and some other foreign currencies. Ask about it!.