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MGP to COP Converter and calculator

MGP/COP: 1 MGP = 117.93 COP. The price of converting 1 Magpie (MGP) to Colombian Peso (COP) is 117.93 COP today.
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COP
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MGP to COP real-time exchange rates, making it easy to convert Magpie (MGP) to Colombian Peso (COP). The conversion result is based on real-time data. The conversion result shows that 1 MGP is currently valued at 117.93 COP. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MGP is currently valued at 117.93 COP, which means buying 5 MGP would cost 589.63 COP. Similarly, $1 COP can be converted to 0.008480 MGP, and $50 COP can be converted to 0.04240 MGP, excluding any platform or gas fees.

Convert MGP to COP

Convert COP to MGP

Magpie
Colombian Peso
100 MGP
11,792.54  COP
200 MGP
23,585.07  COP
500 MGP
58,962.68  COP
1000 MGP
117,925.36  COP
5000 MGP
589,626.81  COP
10000 MGP
1,179,253.62  COP
In the table above, you'll find a comprehensive MGP to COP converter that shows the value of Magpie in Colombian Peso across commonly used conversion amounts. The list covers conversions from 1 MGP to COP, all the way up to 10000 MGP, providing a clear view of their respective values.
In the table above, you'll find a comprehensive COP to MGP converter that shows the value of Colombian Peso in Magpie across commonly used conversion amounts. The list covers conversions from 1 COP to MGP, all the way up to 100000 COP, providing a clear view of their respective values.

MGP to COP chart

MGP/COP: 1 MGP = 117.93 COP; 2025/04/30 09:12:23
In the past 1D, Magpie has changed -1.50% to COP. Based on the trend and price charts, Magpie(MGP) has changed -1.50% to COP while Colombian Peso(COP) has changed % to MGP in the last 24 hours.
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MGP to COP conversion data: Volatility and price changes of Magpie in COP

The highest Magpie price in COP over the past 7 days was 138.1 COP while the lowest Magpie price in COP over the past 7 days was 116.44 COP. The relative change between the highs and lows in Magpie price in COP over the last 7 days indicates a volatility of %. You can view additional volatility data and MGP to COP prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
121.03 COP
138.1 COP
176.11 COP
376.31 COP
Low
116.44 COP
116.44 COP
87.71 COP
87.71 COP
Average
0 COP
0 COP
0 COP
0 COP
Volatility
%
%
%
%
Change
-1.50%
-8.32%
-23.40%
-68.05%

Magpie information

MGP to COP market statistics

MGP/COP:
$117.93
MGP 24h volume:
$329,975,256.51
MGP market cap:
$53,904,055,887.4
MGP circulating supply:
457.10M MGP

Current MGP to COP exchange rate

Magpie to Colombian Peso is falling this week.
Magpie's current market price is $117.93 per MGP, with a total market cap of $53,904,055,887.4 COP based on a circulating supply of 457,103,140 MGP. The trading volume of Magpie has changed by -46.95% ($-292,044,492.23 COP) in the last 24 hours. Last trading day, MGP's trading volume was $622,019,748.74.

More info about Magpie on Bitget

Colombian Peso information

About the Colombian Peso (COP)

What Is the Colombian Peso (COP)?

The Colombian Peso (COP), symbolized as $ and sometimes referred to as COL$, is the official currency of Colombia. It's divided into 100 centavos, although the smallest denomination commonly used is the 50 pesos coin due to the low value of the currency. The Colombian Peso is the sole legal tender in Colombia, and it is used for all transactions within the country.

The Colombian Peso (COP) is issued by the central bank of Colombia, known as "Banco de la República." This institution is responsible for regulating and maintaining the stability of the Colombian currency, as well as implementing the country's monetary policy.

What Is the History of COP?

The Colombian Peso was introduced in 1810, replacing the Spanish real, which was the currency during the colonial era. Initially, the peso was pegged to the real at a rate of 8 reals to 1 peso. In 1837, Colombia decimalized its currency, and the peso was subdivided into ten reales, each of 10 décimos de reales, later centavos. In the early 20th century, the peso was pegged to the British pound sterling but shifted its peg to the US dollar in 1931 when the UK abandoned the gold standard. The peg to USD lasted until 1949, influenced by Colombia's inflation.

Notes and Coins of COP

Colombian Peso (COP) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50, 100, 200, 500, and 1,000 pesos. Colombian banknotes are issued in denominations of 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000 pesos. Notably, the 50,000 peso banknote features vertical imagery, a unique aspect compared to other global currencies.

Is COP Pegged to USD?

The Colombian Peso (COP) is not pegged to the United States Dollar (USD). Instead, it operates under a floating exchange rate system. In a floating exchange rate system, the value of the currency is determined by market forces, such as supply and demand in the foreign exchange market.

Historically, the Colombian Peso was pegged to the USD. This peg was established in 1931 when Colombia shifted from the gold standard and pegged its currency to the USD at a rate of 1.05 pesos to 1 dollar. However, this peg was abandoned in 1949 due to inflationary pressures in Colombia.

Is COP a Stable Currency?

The Colombian Peso (COP) exhibits characteristics of both stability and volatility, influenced by various economic factors. While Colombia has experienced periods of economic growth, with its GDP growth rate reaching nearly 7% in recent years, the COP has also faced fluctuations due to global market dynamics and internal economic challenges. For instance, the exchange rate of COP to USD has seen notable variations. In the early 2000s, the exchange rate hovered around 2,000 COP to 1 USD, but by the end of 2020, it had depreciated to approximately 3,500 COP to 1 USD. This depreciation reflects the impact of external factors like global oil prices and internal issues such as inflation and political uncertainty.

Bitget crypto-to-fiat exchange data shows that the most popular Magpie currency pair is the MGP to COP, with for Magpie's currency code being MGP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for COP.

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How to convert MGP to COP

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MGP to COP Conversion tables

The exchange rate of Magpie is decreasing.
The exchange rate of 1 MGP to Colombian Peso has changed by -8.32% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.50%, reaching a high of 121.03 COP and a low of 116.44 COP . One month ago, the value of 1 MGP was $153.95 COP , which represents a -23.40% change from its current value. Over the last year, Magpie has changed by
-$
259.87COP
, resulting in a change of -68.79% in its value.
24 hours ago1 month ago1 year ago
Amount09:12 am today24 hours ago24h change
0.5 MGP$58.96$59.86
-1.50%
1 MGP$117.93$119.72
-1.50%
5 MGP$589.63$598.61
-1.50%
10 MGP$1,179.25$1,197.21
-1.50%
50 MGP$5,896.27$5,986.06
-1.50%
100 MGP$11,792.54$11,972.13
-1.50%
500 MGP$58,962.68$59,860.64
-1.50%
1000 MGP$117,925.36$119,721.27
-1.50%

MGP to COP FAQ

How much is 1 Magpie in COP?
Right now, the price of 1 Magpie (MGP) in Colombian Peso (COP) is $117.93.
How much MGP can I buy for 1 COP?
Based on the current exchange rate, you can get 0.008480 MGP for 1 COP.
How do I calculate or convert MGP to COP?
You can use our MGP to COP calculator at the top of this page to convert any amount of MGP to COP. We've also included quick-reference tables for the most popular conversions. For example, 5 COP is equivalent to 0.04240 MGP, while 5 MGP will cost around 589.63COP.
What is the highest price of MGP/COP in history?
The all-time high price of 1 MGP in COP is $890.73. It remains to be seen if the value of 1 MGP/COP will exceed the current all-time high.
What is the price trend of Magpie in COP?
Over the past 7 days, the exchange rate of Magpie (MGP) has gone down by 8.32%.   Over the last month, the exchange rate of Magpie (MGP) has gone down by 23.40% against Colombian Peso (COP).

What factors influence the conversion rate of MGP to COP?

There are many factors that affect the relationship between Magpie and Colombian Peso, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of MGP/COP. When there is positive news in the market about the widespread adoption of MGP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MGP/COP. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MGP/COP.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of MGP/COP. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Magpie and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.