Colombia is not an expensive country. Budget travelers can get by on around US$10 per day; while those staying in more comfortable hotels and eating at restaurants will spend around US$20-30 per day.
June 30, 2006 (Press Release) --
Money Advice
Colombia is not an expensive country. Budget travelers can get by on around US$10 per day; while those staying in more comfortable hotels and eating at restaurants will spend around US$20-30 per day. Splurgers should budget on US$50-70 a day.
Some banks change cash and/or travelers' checks, but others don't. Some branches of a bank will change your money while other branches of the same bank will refuse. This seems to vary constantly from bank to bank, city to city, day to day, and can be further complicated by a myriad of local factors, eg the bank may have reached its daily limit of foreign exchange. On top of that, the banks usually offer foreign exchange services within limited hours, which may mean only one or two hours daily; your best chances are in the morning.
You can change cash dollars on the street, but it's not recommended. The only street money markets worth considering are those at the borders, where there may be simply no alternative. You can use credit cards (Visa is the most widely accepted) for car rental, air tickets and in most top-end hotels and restaurants. Plastic money is also becoming popular for purchasing goods and payment for services in many other commercial establishments. There are an increasing number of cajeros automáticos (automatic teller machines); these accept Visa and MasterCard and pay out in pesos.
Currency
Peso ($)
Relative Costs
Meals
• Budget: US$2-5
• Mid-range: US$5-10
• Top-end: US$10 and upwardsLodging
• Budget: US$5-10
• Mid-range: US$10-15
• Top-end: US$15 and upwards
Source: http://www.yahoo.com
Colombia is not an expensive country. Budget travelers can get by on around US$10 per day; while those staying in more comfortable hotels and eating at restaurants will spend around US$20-30 per day. Splurgers should budget on US$50-70 a day.
Some banks change cash and/or travelers' checks, but others don't. Some branches of a bank will change your money while other branches of the same bank will refuse. This seems to vary constantly from bank to bank, city to city, day to day, and can be further complicated by a myriad of local factors, eg the bank may have reached its daily limit of foreign exchange. On top of that, the banks usually offer foreign exchange services within limited hours, which may mean only one or two hours daily; your best chances are in the morning.
You can change cash dollars on the street, but it's not recommended. The only street money markets worth considering are those at the borders, where there may be simply no alternative. You can use credit cards (Visa is the most widely accepted) for car rental, air tickets and in most top-end hotels and restaurants. Plastic money is also becoming popular for purchasing goods and payment for services in many other commercial establishments. There are an increasing number of cajeros automáticos (automatic teller machines); these accept Visa and MasterCard and pay out in pesos.
Currency
Peso ($)
Relative Costs
Meals
• Budget: US$2-5
• Mid-range: US$5-10
• Top-end: US$10 and upwardsLodging
• Budget: US$5-10
• Mid-range: US$10-15
• Top-end: US$15 and upwards
Source: http://www.yahoo.com
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