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2021 BOB to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the BOB to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 587.5396. Conversely, the yearly low was recorded on January 7, dropping to 495.3182.
This high-to-low spread represents a total annual volatility of 92.2214 COP. From a start-to-finish perspective, comparing the January average rate of 506.6021 to the December average rate of 575.5532, the exchange rate registered a net change of 13.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 587.5396 was down 3.56% compared to the 2020 peak of 609.2402, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
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BOB to COP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 524.5292, compared to 559.8398 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 35.3106 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 43.1999 COP (High: 586.9334 / Low: 543.7336). On the other end, September was the most stable month, with a tight range of 14.0665 COP (High: 558.3586 / Low: 544.2921).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.8316 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 575.5532) against the same month in 2020 (average: 502.2818), the exchange rate shifted by +73.2714 (+14.59%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 525.3451 | 495.3182 | 506.6021 |
| February | 525.2830 | 505.3969 | 514.5282 |
| March | 540.1585 | 511.4460 | 522.9701 |
| April | 540.8905 | 520.1799 | 527.7286 |
| May | 556.5439 | 531.5057 | 541.4993 |
| June | 549.6160 | 516.1404 | 533.8468 |
| July | 567.4270 | 542.5972 | 554.4112 |
| August | 579.9413 | 554.2623 | 562.6579 |
| September | 558.3586 | 544.2921 | 553.8262 |
| October | 552.6201 | 536.5215 | 547.0010 |
| November | 586.9334 | 543.7336 | 565.5892 |
| December | 587.5396 | 562.6722 | 575.5532 |