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26 Aug 2026 · Monly

A digital nomad guide to handling Colombian pesos

Cash is still king for rent, markets and taxis. Here is a simple monthly money routine for nomads in Medellín and Bogotá.

Colombia is card-friendly in cafés and malls, but cash still runs day to day life: apartment deposits, neighbourhood markets, barbers, taxis and tips.

Budget in pesos, not in dollars Set a monthly peso budget and exchange in one or two batches. Fewer, larger exchanges mean fewer fees and less time spent hunting for machines.

Keep a cash buffer A week of expenses in cash covers power cuts, card outages and small businesses that only take efectivo.

Check the rate before you commit The market rate moves daily. Monly publishes the rate of the day on the home page so you can compare before ordering.

Stay safe Avoid counting cash in the street. A delivery to your building lobby or apartment is safer than walking out of an exchange house with a full backpack.

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