How Much Money Do I Need in Colombia | BnB Colombia Tours (2024)

One thing we always recommend to all of our travelers is to only carry the money you need for the day! As in every country of the world, there are pickpockets and other Bandidos in Colombia who for one reason or another believe they deserve your hard-earned money, phone, watch, or jewelry more than you do!

Top 7 Travel Tips For Travellers IN Colombia

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How Much Money Do I Need in Colombia | BnB Colombia Tours (1)

A mistake made by many people is to convert their home currency into Colombian Pesos before traveling. They then bring all the cash they believe they’ll need for their vacation with them. This also is something that we recommend you do not do! There are many ATM machines that accept foreign debit cards throughout the cities and small towns of Colombia. You’ll also find that most cafes, restaurants, and retail stores will accept credit cards. Meaning unless you are going somewhere that only accepts cash, such as farmers or artisan markets, you can probably get away with only carrying $50,000 or $100,000 Colombian pesos on you at any time.

Check out our post on How Much is a Tour of Colombia?

How Much Money Do I Need in Colombia | BnB Colombia Tours (2)

Interested in knowing the best times to Travel to Colombia? Then check out the blog here!

Our suggestions for traveling with money in Colombia:

  • Bring a small amount of your home currency for when you arrive back in your home country.
  • Bring 2 ATM cards and 2 Credit cards. When leaving your hotel only take one of each out with you. This way if you lose your wallet, you still have your backup.
  • Change a small amount in your home country into Colombian Pesos. $200,000 Colombian pesos (approx $50 USD) will easily be enough for food and extras for a day or so.

*Looking for the best tours and private transportation options in Colombia? Then be sure to check our day tour or private transportation!

  • Only carry the cash you’ll need for the day. Remember most cafes, restaurants, and retail shops will accept credit cards. But there are some which do only accept cash, so it’s always handy to have a small amount of pesos in small dominations for such an occasion. While you’re traveling with our guides, they will be paying the entrance fees, so you do not need cash for this.
  • How much cash to carry? Assuming you are going somewhere you cannot use your debit or credit card we suggest carrying a maximum of $200,000 Colombian pesos. This is easy enough for some very nice meals and to purchase a souvenir or two. If you are going to a farmer’s or artisan market, you may wish to take more. Often you can also find an ATM machine close to these markets.
  • Where to carry your cash? It’s a good idea to not keep all your cash in the same place. So perhaps put a little in a sock or separate it into different pockets, as well as in your wallet.
  • Withdrawcash from an ATM during daylight hours. The safest places to do this are inside the airport or in a shopping center (Centro Comercial). And daylight hours are generally safer than nighttime, for obvious reasons.
    • Always decline the exchange rate offered on the ATM when withdrawing cash. You’ll still withdraw your cash, but at your own bank exchange rate, which is always better!
    • Check if there are any loose pieces on the ATM. If so, this could be a sign of tampering, and use another machine.

How Much Money Do I Need in Colombia | BnB Colombia Tours (3)

Colombia is not a country where tipping is expected. It is a country where tipping is hoped for, and very appreciated!
If you don’t tip you won’t receive worse service or bad looks!
  • Tipping Guides. A tip of $50,000 – $80,000 pesos (per couple) is really good for a full-day tour. Especially if you feel you received great service and the guide is really knowledgeable. But with a tip of $20,000 pesos, a guide will also be happy and appreciative. It all depends on what you feel comfortable giving and is completely a personal decision. Having said this, sometimes our guides receive $200,000 or more for a tour when the travelers are exceptionally happy.
  • Tipping Private Drivers. Much the same as with a guide, this is a personal decision, as to how happy you are with the service. As a guideline, we suggest $5,000-$10,000 for an airport or hotel pickup. And between $30,000 to $60,000 for a full day of service.
  • Eating with the Team. When stopping for lunch during a tour the guide and/or driver will sit at another table unless you invite them to sit with you. Although they are sitting with you, you are not obligated to pay for their lunch, and they will not be offended if you ask for a separate bill. Having said this, it is quite common for our travelers to invite and pay for the lunch of our team members. But this is a completely personal decision.
  • Restaurants/Cafes. 10-15% is generally very acceptable and appreciated.
    How Much Money Do I Need in Colombia | BnB Colombia Tours (4)
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Like to create or customize a fantasticopackage tour of Colombia? Use our Plan My Trip pageto start planning your dream Colombian vacation now!

How Much Money Do I Need in Colombia | BnB Colombia Tours (2024)

FAQs

How much money should you take on a trip to Colombia? ›

How much money do I need for a trip to Colombia?
CategoryCost
Accommodation 1 (Double Occupancy)CO$114,283 (
Local Transportation 1CO$30,653 ($7.36)
Food 2CO$46,115 (
Entertainment 1CO$55,826 (
2 more rows

Is $50 a lot of money in Colombia? ›

At the current exchange rate, $50 is the equivalent of around 150,000 COP, so you have a fairly generous budget that should allow you to sleep, eat and see plenty of the sights.

How much do you tip a free tour guide in Colombia? ›

Tipping tour guides is very much appreciated but not expected. Common practice is in the range of 5-10 percent per person, per day depending on the quality of service. If a tour guide is particularly enthusiastic or informative do not hesitate to slip them a little extra if you wish!

How far does 100 dollars go in Colombia? ›

Download Our Currency Converter App
Conversion rates US Dollar / Colombian Peso
20 USD83,817.60000 COP
50 USD209,544.00000 COP
100 USD419,088.00000 COP
250 USD1,047,720.00000 COP
8 more rows

Is a dollar a lot in Colombia? ›

In early 2020, one U.S. dollar was the equivalent of COP$4,000. Most banks in Colombia do not exchange money. For that, you'll have to go to a money exchange, located in all major cities.

Is it better to bring cash to Colombia? ›

Colombia, as with all countries in the world today, does have a criminal element, mostly pickpockets, etc, who can target tourists, so we recommend not to carry large sums of cash and to ask your hotel, or one of our representatives, where to go and where would not be recommended.

How many Colombian pesos do you need to equal one US dollar? ›

1 USD = 4,239.296618 COP Sep 11, 2024 06:13 UTC

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently.

What is the best currency to take to Colombia? ›

The Colombian currency is the Colombian peso. Make sure to bring some Colombian currency with you, as well as US dollars. That way, if you're at a small shop that doesn't take credit cards, you will have some cash already on hand. US dollars, Euros, credit cards, and debit cards are widely accepted in Colombia.

Do you tip in Colombia? ›

Do you tip in Colombia? It's normal to tip for good service in restaurants, bars and cafes in Colombia - especially in touristy or business areas. Tips are also appreciated in hotels and serviced apartments - and other places where staff may not be so well rewarded, like spas or salons.

Is it rude not to tip a tour guide? ›

As a general rule of thumb, you should consider tipping tour guides around 10%-20% of the total cost. However, many factors will influence this figure, so there is no true “one size fits all” answer. Additionally, it's never compulsory to tip, so don't feel pressured to do so if the tour overpromised or underdelivered.

Is 5 dollars a good tip in Colombia? ›

Since tourism is still quite new in Colombia, there isn't really a set norm for tipping yet. We suggest following these guidelines: Guides: $5-10 USD per person ≈ 15,000 – 30,000 COP per person. Hosts: $25-30 USD per day ≈ 75,000 – 90,000 COP per day.

How much do you tip an all day tour guide? ›

Typically, the gratuity rate for guides should be around 10 to 20 percent of the total trip cost. That means if you're paying $500 for a day or two of guided rock climbing, an appropriate tip for your guide would be between $50 and $100.

Should I exchange money before I travel to Colombia? ›

If you travel to Colombia, you will have to exchange money to obtain the country's legal currency, the Colombian Peso. U.S. Dollars or Euros won't be accepted. Although credit cards are accepted in major cities and stores, you must have cash if you travel to small towns.

How much money is needed for a week in Colombia? ›

On average, a budget traveler can expect to spend around $30 to $50 per day, including accommodation, food, transportation, and activities. Mid-range travelers, on the other hand, can expect to spend approximately $60 to $100 per day, allowing for a bit more comfort and flexibility.

How much is dinner in Colombia? ›

Cost of living in 2021 Sample prices for basic expenses during your trip. Lunch in a cheap restaurant: 9,000 pesos to 25,000 pesos (€2.4 to €6.5) Dinner at a cheap restaurant: 12,000 pesos to 30,000 pesos (€3.2 to €8) Meals in a fancy restaurant: 40,000 to 80,000 pesos (€10.5 to €21) Beer in a bar…

Is Mexico or Colombia cheaper? ›

Colombia is the best country to live in in terms of cost of living, according to the “Cheapest Places to Live in 2023” index published by International Living. Colombia, Mexico and Ecuador found themselves in the top three spots of International Living's latest index. Italy ranked fourth, followed by Portugal.

How much should I budget for 3 weeks in Colombia? ›

To give you an idea of the budget, Colombia in backpack mode would cost around 34€/person/day. The average stay is around 15 days to 3 weeks. Transportation and food represent a major part of your trip, around 55% of your budget, followed by accommodation and activities.

How much cash can I take to Colombia? ›

Taking money into Colombia

You can bring up to 10,000 US dollars-worth of any currency into Colombia. You must declare anything above this amount with the National Tax and Customs Directorate (DIAN) (in Spanish).

Is Colombia cheap for tourist? ›

Regularly cited as one of the best-value countries to visit in South America, Colombia is a place where your cash is destined to go further. With fixed-price lunch menus and inexpensive pola (beer), you can dine like royalty, and hostels are plentiful and cheap.

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