2024 COP to JMD Historical Review

YEARLY HIGH

0.0411 JMD

YEARLY LOW

0.0351 JMD

YEARLY AVERAGE

0.0385 JMD

2024 COP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 0.0411. Conversely, the yearly low was recorded on December 3, dropping to 0.0351.

This high-to-low spread represents a total annual volatility of 0.0060 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0396 to the December average rate of 0.0356, the exchange rate registered a net change of -9.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0411 was up 1.85% compared to the 2023 peak of 0.0404, 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 205,560 JMD

2023 Average 179,213 JMD

Yearly Trough Low 175,617 JMD

Transaction Impact: A difference of 29,942.82 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0409

0.0351

JanuMarcMayJulySeptNove

COP to JMD 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 0.0397, compared to 0.0373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0397

H2 Avg (Jul–Dec) 0.0373

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0030 JMD (High: 0.0403 / Low: 0.0373). On the other end, January was the most stable month, with a tight range of 0.0007 JMD (High: 0.0399 / Low: 0.0391).

June Spread (Volatile) ±0.0030

January Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between March and May, 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 May and June, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0401) against the same month in 2023 (average: 0.0336), the exchange rate shifted by +0.0066 (+19.56%).

2024 Avg (April) 0.0401

2023 Avg (April) 0.0336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0399	0.0391	0.0396
February	0.0402	0.0393	0.0398
March	0.0401	0.0392	0.0397
April	0.0411	0.0393	0.0401
May	0.0410	0.0400	0.0404
June	0.0403	0.0373	0.0384
July	0.0396	0.0376	0.0387
August	0.0393	0.0378	0.0386
September	0.0382	0.0365	0.0375
October	0.0381	0.0358	0.0372
November	0.0368	0.0353	0.0360
December	0.0363	0.0351	0.0356