Colombia Minimum Wage, Inflation and Exchange Rate (2026)
General information, not financial advice.
Short answer: The 2026 monthly minimum wage is COP 1,750,905 (Decreto 1469 de 2025). National inflation was 6.29% in the year to September 2026 (DANE). The official exchange rate (TRM) was COP 3,163.76 per US$ on Oct 21, 2026 (certified by the Superintendencia Financiera; see Banco de la República).
What are the reference numbers for 2026?
| Number | Value | Source and date |
|---|---|---|
| Monthly minimum wage (SMLMV) | COP 1,750,905 | Decreto 1469 de 2025, art. 1; in force for 2026 |
| Annual inflation, Colombia | 6.29% (Sept 2026 vs Sept 2025) | DANE, IPC información técnica, read Oct 19, 2026 |
| Official exchange rate (TRM) | COP 3,163.76 per US$ (in force Oct 21, 2026) | Banco de la República, TRM; Superfinanciera TRM data on datos.gov.co |
The minimum wage decree is still under review by the Consejo de Estado. On Oct 9–10, 2026 the Labor Ministry said COP 1,750,905 remains in force. (Portafolio, Oct 10, 2026, press report)
What does it cost in US dollars?
Use the TRM for the day you're paying. The Superintendencia Financiera certifies it daily. On Oct 21, 2026 it was COP 3,163.76 per US$, so COP 1,000,000 was about US$316.12 Your bank or card will apply its own rate and fees, which can differ from the TRM. See banking as a foreigner.
Sources
Sources
- Banco de la República, TRMwww.banrep.gov.co/es/glosario/tasa-cambio-trm
- datos.gov.co, TRMwww.datos.gov.co/resource/32sa-8pi3.json
- Decreto 1469 de 2025, art. 1www.cancilleria.gov.co/normograma/compilacion/docs/decreto_1469_2025.htm
- DANE, IPC información técnicawww.dane.gov.co/index.php/estadisticas-por-tema/precios-y-costos/indice-de-precios-al-consumidor-ipc/ipc-informacion-tecnica
- Portafolio, Oct 10, 2026www.portafolio.co/economia/gobierno/salario-minimo-de-2026-sigue-en-1-750-905-millones-tras-aclaracion-sobre-fallos-del-consejo-de-estado-504236