2023 COP to ETB Historical Review

YEARLY HIGH

0.0146 ETB

YEARLY LOW

0.0108 ETB

YEARLY AVERAGE

0.0127 ETB

2023 COP to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.0146. Conversely, the yearly low was recorded on January 5, dropping to 0.0108.

This high-to-low spread represents a total annual volatility of 0.0039 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0114 to the December average rate of 0.0142, the exchange rate registered a net change of 24.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0146 was up 6.33% compared to the 2022 peak of 0.0138, 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 73,247 ETB

2022 Average 61,402 ETB

Yearly Trough Low 53,950 ETB

Transaction Impact: A difference of 19,296.35 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0145

0.0109

JanuMarcMayJulySeptNove

COP to ETB 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 0.0118, compared to 0.0137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0118

H2 Avg (Jul–Dec) 0.0137

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0012 ETB (High: 0.0120 / Low: 0.0108). On the other end, November was the most stable month, with a tight range of 0.0005 ETB (High: 0.0141 / Low: 0.0136).

January Spread (Volatile) ±0.0012

November Spread (Stable) ±0.0005

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 0.0006 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0142) against the same month in 2022 (average: 0.0112), the exchange rate shifted by +0.0030 (+26.98%).

2023 Avg (December) 0.0142

2022 Avg (December) 0.0112

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0120	0.0108	0.0114
February	0.0116	0.0108	0.0112
March	0.0117	0.0110	0.0113
April	0.0124	0.0115	0.0120
May	0.0124	0.0116	0.0120
June	0.0134	0.0123	0.0130
July	0.0140	0.0130	0.0135
August	0.0140	0.0132	0.0135
September	0.0142	0.0135	0.0138
October	0.0137	0.0128	0.0132
November	0.0141	0.0136	0.0138
December	0.0146	0.0138	0.0142