2024 COP to GNF Historical Review

YEARLY HIGH

2.2826 GNF

YEARLY LOW

1.9182 GNF

YEARLY AVERAGE

2.1194 GNF

2024 COP to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 2.2826. Conversely, the yearly low was recorded on November 15, dropping to 1.9182.

This high-to-low spread represents a total annual volatility of 0.3644 GNF. From a start-to-finish perspective, comparing the January average rate of 2.1929 to the December average rate of 1.9654, the exchange rate registered a net change of -10.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2826 was up 2.06% compared to the 2023 peak of 2.2365, 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 11,412,949 GNF

2023 Average 10,020,439 GNF

Yearly Trough Low 9,590,962 GNF

Transaction Impact: A difference of 1,821,987.32 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2505

1.9318

JanuMarcMayJulySeptNove

COP to GNF 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 2.1931, compared to 2.0458 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1473 points.

H1 Avg (Jan–Jun) 2.1931

H2 Avg (Jul–Dec) 2.0458

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.1737 GNF (High: 2.2347 / Low: 2.0610). On the other end, February was the most stable month, with a tight range of 0.0453 GNF (High: 2.2126 / Low: 2.1673).

June Spread (Volatile) ±0.1737

February Spread (Stable) ±0.0453

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.2232) against the same month in 2023 (average: 1.8973), the exchange rate shifted by +0.3260 (+17.18%).

2024 Avg (April) 2.2232

2023 Avg (April) 1.8973

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2178	2.1678	2.1929
February	2.2126	2.1673	2.1900
March	2.2367	2.1807	2.2045
April	2.2826	2.1669	2.2232
May	2.2582	2.2003	2.2239
June	2.2347	2.0610	2.1238
July	2.1825	2.0776	2.1318
August	2.1575	2.0785	2.1248
September	2.0908	2.0122	2.0653
October	2.0804	1.9545	2.0293
November	2.0029	1.9182	1.9583
December	2.0041	1.9313	1.9654