2023 COP to CVE Historical Review

YEARLY HIGH

0.0265 CVE

YEARLY LOW

0.0209 CVE

YEARLY AVERAGE

0.0237 CVE

2023 COP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 0.0265. Conversely, the yearly low was recorded on February 22, dropping to 0.0209.

This high-to-low spread represents a total annual volatility of 0.0056 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0218 to the December average rate of 0.0256, the exchange rate registered a net change of 17.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0265 was down 4.13% compared to the 2022 peak of 0.0276, 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 132,313 CVE

2022 Average 124,090 CVE

Yearly Trough Low 104,279 CVE

Transaction Impact: A difference of 28,034.11 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0262

0.0211

JanuMarcMayJulySeptNove

COP to CVE 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 0.0223, compared to 0.0251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0223

H2 Avg (Jul–Dec) 0.0251

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0021 CVE (High: 0.0235 / Low: 0.0214). On the other end, March was the most stable month, with a tight range of 0.0009 CVE (High: 0.0221 / Low: 0.0211).

May Spread (Volatile) ±0.0021

March Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0010 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0258) against the same month in 2022 (average: 0.0251), the exchange rate shifted by +0.0007 (+2.85%).

2023 Avg (September) 0.0258

2022 Avg (September) 0.0251

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0226	0.0211	0.0218
February	0.0220	0.0209	0.0215
March	0.0221	0.0211	0.0217
April	0.0229	0.0215	0.0222
May	0.0235	0.0214	0.0224
June	0.0251	0.0232	0.0243
July	0.0255	0.0239	0.0246
August	0.0257	0.0241	0.0248
September	0.0265	0.0248	0.0258
October	0.0256	0.0240	0.0248
November	0.0263	0.0248	0.0254
December	0.0262	0.0252	0.0256