2024 BGN to COP Historical Review

YEARLY HIGH

2475.0895 COP

YEARLY LOW

2075.7885 COP

YEARLY AVERAGE

2252.3307 COP

2024 BGN to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 2475.0895. Conversely, the yearly low was recorded on April 12, dropping to 2075.7885.

This high-to-low spread represents a total annual volatility of 399.3010 COP. From a start-to-finish perspective, comparing the January average rate of 2186.1513 to the December average rate of 2351.7963, the exchange rate registered a net change of 7.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2475.0895 was down 8.21% compared to the 2023 peak of 2696.4939, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 12,375,448 COP

2023 Average 11,952,708 COP

Yearly Trough Low 10,378,942 COP

Transaction Impact: A difference of 1,996,505.20 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2421.4780

2091.7300

JanuMarcMayJulySeptNove

BGN to COP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2167.8136, compared to 2336.8477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 169.0341 points.

H1 Avg (Jan–Jun) 2167.8136

H2 Avg (Jul–Dec) 2336.8477

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 151.4659 COP (High: 2290.0130 / Low: 2138.5471). On the other end, May was the most stable month, with a tight range of 41.2090 COP (High: 2154.3168 / Low: 2113.1078).

June Spread (Volatile) ±151.4659

May Spread (Stable) ±41.2090

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 47.4171 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -47.4171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 2393.9990) against the same month in 2023 (average: 2229.3679), the exchange rate shifted by +164.6311 (+7.38%).

2024 Avg (November) 2393.9990

2023 Avg (November) 2229.3679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2211.5745	2163.5969	2186.1513
February	2200.8973	2148.4053	2167.7409
March	2194.2729	2127.6141	2166.6260
April	2169.7167	2075.7885	2119.2090
May	2154.3168	2113.1078	2136.2136
June	2290.0130	2138.5471	2230.9410
July	2272.4123	2199.2531	2240.9410
August	2334.5121	2233.8136	2286.1269
September	2418.0379	2338.2413	2376.4188
October	2455.6439	2326.9703	2371.8044
November	2475.0895	2325.6572	2393.9990
December	2400.2395	2314.5930	2351.7963