2023 COP to ISK Historical Review

YEARLY HIGH

0.0357 ISK

YEARLY LOW

0.0289 ISK

YEARLY AVERAGE

0.0320 ISK

2023 COP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.0357. Conversely, the yearly low was recorded on March 23, dropping to 0.0289.

This high-to-low spread represents a total annual volatility of 0.0069 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0303 to the December average rate of 0.0348, the exchange rate registered a net change of 14.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0357 was up 1.49% compared to the 2022 peak of 0.0352, 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 178,678 ISK

2022 Average 159,547 ISK

Yearly Trough Low 144,268 ISK

Transaction Impact: A difference of 34,409.40 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0354

0.0289

JanuMarcMayJulySeptNove

COP to ISK 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 0.0305, compared to 0.0335 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0305

H2 Avg (Jul–Dec) 0.0335

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0030 ISK (High: 0.0321 / Low: 0.0291). On the other end, December was the most stable month, with a tight range of 0.0009 ISK (High: 0.0353 / Low: 0.0344).

January Spread (Volatile) ±0.0030

December Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0347) against the same month in 2022 (average: 0.0293), the exchange rate shifted by +0.0054 (+18.49%).

2023 Avg (November) 0.0347

2022 Avg (November) 0.0293

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0321	0.0291	0.0303
February	0.0307	0.0290	0.0298
March	0.0301	0.0289	0.0294
April	0.0310	0.0291	0.0301
May	0.0319	0.0290	0.0305
June	0.0336	0.0315	0.0328
July	0.0334	0.0318	0.0327
August	0.0335	0.0318	0.0324
September	0.0348	0.0322	0.0338
October	0.0341	0.0315	0.0328
November	0.0357	0.0339	0.0347
December	0.0353	0.0344	0.0348