Gold vs. the Colombian peso

How much Colombian peso it took to buy one ounce of gold then, and how much it takes today.

What the Colombian peso lost against gold in 20 years

89 %

One ounce cost COL$ 1,384,013 in Oct 2006. Today it costs COL$ 12,589,053.

Ago	Ounce then	In USD then	Ounce today	×	Purchasing power lost
1 years (Oct 2025)	COL$ 15,736,294	US$ 4,058.00	COL$ 12,589,053	0.8×	−25 %
5 years (Oct 2021)	COL$ 6,705,304	US$ 1,777.00	COL$ 12,589,053	1.9×	47 %
10 years (Oct 2016)	COL$ 3,711,535	US$ 1,267.00	COL$ 12,589,053	3.4×	71 %
20 years (Oct 2006)	COL$ 1,384,013	US$ 586.00	COL$ 12,589,053	9.1×	89 %

"Purchasing power lost" = how much less gold the same amount of money buys today. Then: monthly average (World Bank and BIS). Today: current spot price. Does not include consumer-price inflation.

Updated: Oct 30, 2026 10:59 UTC · 1 USD = 3,164.1122 COP (market reference, ExchangeRate-API)

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