2024 COP to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 COP to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the COP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 11.2025. Conversely, the yearly low was recorded on November 17, dropping to 9.3469.
This high-to-low spread represents a total annual volatility of 1.8556 IRR. From a start-to-finish perspective, comparing the January average rate of 10.7281 to the December average rate of 9.6062, the exchange rate registered a net change of -10.46% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 11.2025 was up 2.33% compared to the 2023 peak of 10.9471, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000,000 COP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
COP to IRR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 10.7319, compared to 9.9871 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7448 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.8956 IRR (High: 10.9710 / Low: 10.0754). On the other end, February was the most stable month, with a tight range of 0.2022 IRR (High: 10.8047 / Low: 10.6025).
Growth Streaks & Declines
TrendsBetween 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 0.4980 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 10.8880) against the same month in 2023 (average: 9.3224), the exchange rate shifted by +1.5656 (+16.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.8298 | 10.5954 | 10.7281 |
| February | 10.8047 | 10.6025 | 10.7025 |
| March | 10.9373 | 10.6597 | 10.7853 |
| April | 11.2025 | 10.6109 | 10.8880 |
| May | 11.0482 | 10.7724 | 10.8927 |
| June | 10.9710 | 10.0754 | 10.3947 |
| July | 10.6682 | 10.1675 | 10.4264 |
| August | 10.5272 | 10.1485 | 10.3799 |
| September | 10.1836 | 9.8037 | 10.0640 |
| October | 10.1507 | 9.5401 | 9.8910 |
| November | 9.7253 | 9.3469 | 9.5552 |
| December | 9.8107 | 9.4217 | 9.6062 |