YEARLY HIGH
0.0046 MDL
YEARLY LOW
0.0038 MDL
YEARLY AVERAGE
0.0042 MDL

2023 COP to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 0.0046. Conversely, the yearly low was recorded on February 22, dropping to 0.0038.

This high-to-low spread represents a total annual volatility of 0.0008 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0040 to the December average rate of 0.0044, the exchange rate registered a net change of 10.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0046 was down 8.59% compared to the 2022 peak of 0.0050, 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 23,046 MDL
2022 Average 22,300 MDL
Yearly Trough Low 18,884 MDL
Transaction Impact: A difference of 4,161.74 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0045
0.0039
JanuMarcMayJulySeptNove

COP to MDL 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 0.0040, compared to 0.0044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0040
H2 Avg (Jul–Dec) 0.0044

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0004 MDL (High: 0.0045 / Low: 0.0040). On the other end, July was the most stable month, with a tight range of 0.0002 MDL (High: 0.0045 / Low: 0.0043).

June Spread (Volatile) ±0.0004
July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and July, 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 September and October, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0045) against the same month in 2022 (average: 0.0044), the exchange rate shifted by +0.0001 (+2.69%).

2023 Avg (September) 0.0045
2022 Avg (September) 0.0044

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0042 0.0039 0.0040
February 0.0041 0.0038 0.0039
March 0.0040 0.0038 0.0039
April 0.0041 0.0038 0.0040
May 0.0040 0.0038 0.0039
June 0.0045 0.0040 0.0043
July 0.0045 0.0043 0.0044
August 0.0045 0.0042 0.0043
September 0.0046 0.0043 0.0045
October 0.0045 0.0042 0.0043
November 0.0045 0.0043 0.0044
December 0.0045 0.0044 0.0044