2024 COP to ISK Historical Review

YEARLY HIGH

0.0371 ISK

YEARLY LOW

0.0306 ISK

YEARLY AVERAGE

0.0340 ISK

2024 COP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 0.0371. Conversely, the yearly low was recorded on November 16, dropping to 0.0306.

This high-to-low spread represents a total annual volatility of 0.0065 ISK. From a start-to-finish perspective, comparing the January average rate of 0.0349 to the December average rate of 0.0316, the exchange rate registered a net change of -9.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0371 was up 3.86% compared to the 2023 peak of 0.0357, 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 185,575 ISK

2023 Average 160,133 ISK

Yearly Trough Low 152,976 ISK

Transaction Impact: A difference of 32,599.38 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0368

0.0308

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 0.0353, compared to 0.0326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0353

H2 Avg (Jul–Dec) 0.0326

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0024 ISK (High: 0.0356 / Low: 0.0332). On the other end, February was the most stable month, with a tight range of 0.0007 ISK (High: 0.0354 / Low: 0.0347).

June Spread (Volatile) ±0.0024

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and April, 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 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0363) against the same month in 2023 (average: 0.0301), the exchange rate shifted by +0.0062 (+20.54%).

2024 Avg (April) 0.0363

2023 Avg (April) 0.0301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0354	0.0343	0.0349
February	0.0354	0.0347	0.0351
March	0.0361	0.0345	0.0352
April	0.0371	0.0354	0.0363
May	0.0363	0.0354	0.0359
June	0.0356	0.0332	0.0342
July	0.0347	0.0336	0.0341
August	0.0346	0.0333	0.0340
September	0.0335	0.0322	0.0327
October	0.0326	0.0310	0.0321
November	0.0321	0.0306	0.0313
December	0.0320	0.0310	0.0316