YEARLY HIGH
0.0546 GYD
YEARLY LOW
0.0421 GYD
YEARLY AVERAGE
0.0488 GYD

2023 COP to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0546. Conversely, the yearly low was recorded on January 5, dropping to 0.0421.

This high-to-low spread represents a total annual volatility of 0.0125 GYD. From a start-to-finish perspective, comparing the January average rate of 0.0445 to the December average rate of 0.0529, the exchange rate registered a net change of 18.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0546 was down 2.82% compared to the 2022 peak of 0.0562, 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 273,145 GYD
2022 Average 247,709 GYD
Yearly Trough Low 210,612 GYD
Transaction Impact: A difference of 62,533.37 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0538
0.0431
JanuMarcMayJulySeptNove

COP to GYD 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 0.0461, compared to 0.0516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.0461
H2 Avg (Jul–Dec) 0.0516

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0049 GYD (High: 0.0471 / Low: 0.0421). On the other end, November was the most stable month, with a tight range of 0.0022 GYD (High: 0.0532 / Low: 0.0510).

January Spread (Volatile) ±0.0049
November Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0529) against the same month in 2022 (average: 0.0437), the exchange rate shifted by +0.0092 (+21.16%).

2023 Avg (December) 0.0529
2022 Avg (December) 0.0437

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0471 0.0421 0.0445
February 0.0458 0.0424 0.0440
March 0.0458 0.0433 0.0443
April 0.0482 0.0451 0.0466
May 0.0482 0.0451 0.0466
June 0.0519 0.0477 0.0504
July 0.0533 0.0499 0.0516
August 0.0535 0.0501 0.0514
September 0.0537 0.0509 0.0522
October 0.0514 0.0479 0.0496
November 0.0532 0.0510 0.0519
December 0.0546 0.0519 0.0529