2024 COP to BIF Historical Review

YEARLY HIGH

0.7616 BIF

YEARLY LOW

0.6443 BIF

YEARLY AVERAGE

0.7097 BIF

2024 COP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.7616. Conversely, the yearly low was recorded on November 15, dropping to 0.6443.

This high-to-low spread represents a total annual volatility of 0.1173 BIF. From a start-to-finish perspective, comparing the January average rate of 0.7280 to the December average rate of 0.6713, the exchange rate registered a net change of -7.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7616 was up 2.50% compared to the 2023 peak of 0.7430, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,807,902 BIF

2023 Average 2,990,598 BIF

Yearly Trough Low 3,221,252 BIF

Transaction Impact: A difference of 586,650.22 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7507

0.6552

JanuMarcMayJulySeptNove

COP to BIF 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 0.7307, compared to 0.6886 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0421 points.

H1 Avg (Jan–Jun) 0.7307

H2 Avg (Jul–Dec) 0.6886

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0582 BIF (High: 0.7468 / Low: 0.6885). On the other end, February was the most stable month, with a tight range of 0.0134 BIF (High: 0.7347 / Low: 0.7213).

June Spread (Volatile) ±0.0582

February Spread (Stable) ±0.0134

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 0.0327 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0327

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.7416) against the same month in 2023 (average: 0.4587), the exchange rate shifted by +0.2828 (+61.66%).

2024 Avg (April) 0.7416

2023 Avg (April) 0.4587

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7347	0.7195	0.7280
February	0.7347	0.7213	0.7281
March	0.7452	0.7260	0.7339
April	0.7616	0.7248	0.7416
May	0.7554	0.7341	0.7427
June	0.7468	0.6885	0.7100
July	0.7296	0.6950	0.7129
August	0.7205	0.6953	0.7102
September	0.7012	0.6745	0.6917
October	0.6999	0.6581	0.6825
November	0.6821	0.6443	0.6631
December	0.6859	0.6545	0.6713