2024 COP to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 COP to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the COP to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 23.7831. Conversely, the yearly low was recorded on January 18, dropping to 3.7916.
This high-to-low spread represents a total annual volatility of 19.9915 LBP. From a start-to-finish perspective, comparing the January average rate of 3.8348 to the December average rate of 20.3859, the exchange rate registered a net change of 431.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 23.7831 was up 506.86% compared to the 2023 peak of 3.9190, 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 LBP 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 17.3822, compared to 21.2374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8552 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 19.0327 LBP (High: 22.8294 / Low: 3.7966). On the other end, January was the most stable month, with a tight range of 0.0851 LBP (High: 3.8767 / Low: 3.7916).
Growth Streaks & Declines
TrendsBetween 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 1.0601 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 23.1674) against the same month in 2023 (average: 3.3302), the exchange rate shifted by +19.8372 (+595.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8767 | 3.7916 | 3.8348 |
| February | 22.8294 | 3.7966 | 9.0453 |
| March | 23.3140 | 22.7183 | 22.9715 |
| April | 23.7831 | 22.5693 | 23.1674 |
| May | 23.5214 | 22.9530 | 23.1672 |
| June | 23.2643 | 21.4415 | 22.1071 |
| July | 22.6953 | 21.6334 | 22.1704 |
| August | 22.3910 | 21.5934 | 22.0643 |
| September | 21.6806 | 20.8519 | 21.4096 |
| October | 21.5942 | 20.2984 | 21.0548 |
| November | 20.8057 | 19.9043 | 20.3395 |
| December | 20.7798 | 20.0587 | 20.3859 |