26 GENERAL INFORMATION
It's recommended travelers carry two separate ATM's or credit cards for their
travels. Travelers should carry the cards in separate areas of their body and
bags. This is to ensure a cash flow in case a card is lost, damaged or stolen.
It is uncommon, but travelers in Colombia and Latin American countries have
tried to make withdrawals and the transaction went through, but no money
came out of the machine. Report this to the bank of the ATM and contact your
home bank. Your home bank will do an investigation and you will be returned
the funds in the future if found in your favor.
Many establishments accept credit cards, but don't assume that all will. If you're
using a credit card it's wise to ask before receiving the services.
MONEY CONVERSIONS TO US DOLLAR
Many people use the 2,000 pesos to 1 U.S. dollar conversion in their head to
figure costs. By using this method you can get a rough estimate. The reality may
be off by around ten percent.
1,000 pesos = 50 cents
2,000 pesos = $1.00
5,000 pesos = $2.50
10,000 pesos = $5.00
20,000 pesos = $10.00
50,000 pesos = $25.00
COSTS
Colombia has been reported to be more expensive than other countries for
backpackers, but it's still much less expensive than traveling in Western
countries. The following are estimates and can greatly fluctuate based on the
region of the country and the individual personal habits.