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1000 COP to ETB - Colombian Peso to Ethiopian Birr Exchange Rate

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COP - Colombian PesoDown Arrow
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ETB - Ethiopian BirrDown Arrow
Exchange Rate

COP 1000 = ETB 30.46

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1 COP = 0.03046 ETB | 1 ETB = 32.82994 COP

Last Updated Feb 14, 5:30 IST

COP 1000 =ETB 30.46

1 COP = 0.03046 ETB
1 ETB = 32.82994 COP
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Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 COP to ETB Exchange Rate Last 5 Days
Date
Ethiopian Birr Price
Feb 13, 2025
0.030463652527673225
Feb 12, 2025
0.030296911041251706
Feb 11, 2025
0.030435264404561558
Feb 10, 2025
0.030476313104448743
Feb 9, 2025
0.030946287264257716

COP to ETB Exchange Rate Chart

online1 COP = 0.03046 ETB

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
COP - Colombian Peso
Our currency rankings show that the most popular Colombian Peso exchange rate is the COP to ETB rate. The currency code for Colombian Peso is COP. The currency symbol is $.
More Colombian Peso inforight-arrow
ETB - Ethiopian Birr
Our currency rankings show that the most popular Ethiopian Birr exchange rate is the ETB to COP rate. The currency code for Ethiopian Birr is ETB. The currency symbol is Br.
More Ethiopian Birr inforight-arrow
1 Colombian Peso to Ethiopian Birr stats
Last 30 Days
Last 90 Days
High
0.031
0.031
Low
0.029
0.027
Average
0.030
0.029
Volatility
1.88%
1.59%

How much is 1000 COP in Ethiopian Birr

The exchange value of 1000 COP in Ethiopian Birr is 30.460 ETB as on Feb 14.

How to check the exchange rate of 1000 COP to ETB with Paytm

You can check the exchange rate of 1000 Colombian Peso to Ethiopian Birr by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 1000 COP to ETB online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 1000 in the Amount section and
  • Select the currency COP - Colombian Peso in the "From" section
  • Select ETB - Ethiopian Birr in "To" section
  • Finally, click "Convert" to see the 1000 COP to ETB conversion amount.

Methods to Convert (COP) to Ethiopian Birr (ETB) Online

There are several online ways to convert COP to ETB.

1. Online Banks

Most banks in India allow COP to ETB conversion through their internet banking or mobile apps.

Steps to Convert COP to ETB via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the COP amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow COP to ETB conversion quickly.

Steps to Convert COP to ETB via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the COP amount you want to convert.
  3. Choose ETB as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including COP.

Steps to Convert COP to ETB via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with COP before traveling.
  3. Use it at ATMs in India to withdraw ETB.
  4. The card automatically converts COP to ETB at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert COP to ETB via Crypto:

  1. Buy Bitcoin (BTC) with COP on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for ETB.
  4. Withdraw ETB to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert COP to ETB Offline

There are several offline methods to exchange COP to ETB. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your COP cash and exchange it for ETB.

Steps to Exchange COP to ETB at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the COP cash.
  5. Receive ETB in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline COP to ETB conversion.

Steps to Exchange COP to ETB at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the COP cash for exchange.
  4. Receive ETB at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange COP to ETB.

Steps to Exchange COP to ETB at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over COP and receive ETB instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange COP to ETB at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and COP cash.
  3. Receive ETB based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange COP for ETB

Steps to Exchange COP to ETB at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide COP and receive ETB.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit ETB.
  • No official receipt or record.

Documents Required for COP to ETB Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting COP to ETB

  1. Compare Rates: Use online comparison tools to check the best COP to ETB rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your ETB and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting COP to ETB

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of COP to ETB Conversion

Converting Colombian Peso (COP) to Ethiopian Birr (ETB) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

COP is a strong and widely traded currency. If the exchange rate is favorable, converting COP to ETB can give you more value for your money.

2. Higher Purchasing Power in Ethiopia

Since 1 COP equals a significantly higher amount in ETB, converting COP to ETB increases your purchasing power, allowing you to afford more goods and services in Ethiopia.

3. Supports Travel and Expenses in Ethiopia

If you‘re an NRI, tourist, or returning from the Colombia, converting COP to ETB ensures you have local currency for daily expenses, shopping, and travel within Ethiopia.

4. Investment Opportunities

Converting COP to ETB can help you invest in Ethiopia assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Colombia markets.

5. Savings on Transaction Fees

Using a direct COP to ETB conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting COP to ETB at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of COP to ETB exchange.

Frequently Asked Questions

FAQs

Can I convert COP to ETB without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert COP to ETB online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert COP to ETB online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange COP to ETB without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much COP can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake ETB notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 1000 Colombian Peso (COP) worth against the Ethiopian Birr?
1000 COP is worth 30.460 Ethiopian Birr today
What is the 25 Colombian Peso (COP) worth against the Ethiopian Birr?
25 COP is worth 0.762 Ethiopian Birr today
What is the 1 Colombian Peso (COP) worth against the Cape Verdean Escudo?
1 COP is worth 0.02561981238736236 CVE today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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