COP

DEFINITION of 'COP'

The currency abbreviation for the Columbian peso. The COP has been the currency of the Republic of Columbia - a South American country - since 1837. The peso was fixed to the U.S. dollar for a period, but now floats freely.

BREAKING DOWN 'COP'

Because Columbia is a republic, its governmental structure is similar to the U.S. The Columbian government has three branches: executive, legislative and judicial. The president is the head of state and head of government and is elected by popular vote for a four-year term.

RELATED TERMS
  1. MXN (Mexican Peso)

    The currency abbreviation for the Mexican peso (MXN), the currency ...
  2. MXN

    In the currency market, this is the abbreviation for the Mexican ...
  3. ARP (Argentinian peso)

    The currency abbreviation, or currency symbol, for the Argentinian ...
  4. PHP

    In currencies, this is the abbreviation for the Philippine Peso.
  5. DOP

    The currency abbreviation for the Dominican Republic's only official ...
  6. UYU (Uruguayan Peso)

    The currency abbreviation for the Uruguayan peso (UYU), the currency ...
Related Articles
  1. Markets

    How Does a Currency Peg Work?

    When a government initiates a currency peg, it pegs its currency’s value to that of another country.
  2. Trading

    This Might Be the Best Time to Buy Colombian Pesos

    Signs are growing that energy markets are bottoming out, allowing the Colombian Peso to recover its value in a profitable trend against the U.S. Dollar.
  3. Trading

    Why Greece, Oil and China Affect the Mexican Peso

    Discover how oil, Greece and China have all played a part in the rapid devaluation of the Mexican peso compared to other currencies.
  4. Markets

    Hamburger Economics: The Big Mac Index

    In theory, PPP stands up much better than it does in reality. Find out how to evaluate currencies according to the price of a Big Mac.
  5. ETFs & Mutual Funds

    Top 4 Columbia Funds for Retirement Diversification in 2016

    Discover the advantages of using mutual funds to diversify your retirement savings. Learn which Columbia Funds build the perfect portfolio.
  6. Trading

    Forex Investing: How To Capture Commodity Fluctuations

    For individual or retail investors looking to gain exposure to hot commodity trends, the foreign exchange markets provide the answer.
  7. Markets

    What Are the Best Hours to Trade the Mexican Peso? (MXN, USD)

    The best times to trade the Mexican peso are centered around economic releases, typically in the morning hours.
  8. Trading

    3 Reasons The Mexican Peso Is So Liquid (MXN, USD)

    Mexico's vast petroleum reserves and close proximity to the United States add considerable liquidity to the Mexican peso.
  9. Investing

    Argentina’s YPF Issues Local Currency Debt (YPF)

    Argentina’s YPF takes advantage of improving market conditions to issue the equivalent of $750 million of local currency debt.
  10. ETFs & Mutual Funds

    Invest in Emerging Market Currencies with this ETF

    Why this emerging market currency ETF needs to be on your radar.
RELATED FAQS
  1. How often do exchange rates fluctuate?

    Exchange rates float freely against one another, which means they are in constant fluctuation. Currency valuations are determined ... Read Answer >>
  2. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency ... Read Answer >>
  3. What is foreign exchange?

    Foreign exchange, or Forex, is the conversion of one country's currency into that of another. In a free economy, a country's ... Read Answer >>
  4. What does floating stock tell traders about a particular stock?

    Learn about what floating stock tells a trader about a particular stock. One commonality of the biggest winners in stock ... Read Answer >>
  5. Why does float usually increase at the beginning of the week?

    Find out more about float and how checking float is created in the American banking system. Learn more about why the Federal ... Read Answer >>
  6. How does float affect the nation's money supply?

    Learn how float affects the appearance of the nation's money supply, and receive a brief lesson on how the U.S. government ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center