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medellintravelguide.com Webutation
With the Colombian peso hovering around 3,000:1USD, there is no better time to visit Medellin than now.  A couple of years ago, the peso was at 2,000:1 so almost everything is 30% less expensive for the foreign traveler. Local prices have not increased substantially as the inflation rate has remained around 4%.

Yes, I used to divide everything in pesos by 2 now I divide by 3. IE 18,000 pesos used to be $9.00 now it is only $6.00. So, what are you waiting for?  You can no longer use the "cost" as an excuse!

                                                        Link to todays exchange rate.

Remember, use your ATM card rather than changing money at a cambio.  You will get a better exchange rate.