2024 COP to MVR Historical Review

YEARLY HIGH

0.0041 MVR

YEARLY LOW

0.0034 MVR

YEARLY AVERAGE

0.0038 MVR

2024 COP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the COP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.0041. Conversely, the yearly low was recorded on November 17, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0007 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0039 to the December average rate of 0.0035, the exchange rate registered a net change of -10.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0041 was up 2.76% compared to the 2023 peak of 0.0040, 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 20,568 MVR

2023 Average 17,874 MVR

Yearly Trough Low 17,154 MVR

Transaction Impact: A difference of 3,414.04 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0040

0.0035

JanuMarcMayJulySeptNove

COP to MVR 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 0.0039, compared to 0.0036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0039

H2 Avg (Jul–Dec) 0.0036

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0004 MVR (High: 0.0041 / Low: 0.0037). On the other end, February was the most stable month, with a tight range of 0.0001 MVR (High: 0.0040 / Low: 0.0039).

May Spread (Volatile) ±0.0004

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, 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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0040) against the same month in 2023 (average: 0.0034), the exchange rate shifted by +0.0006 (+18.04%).

2024 Avg (April) 0.0040

2023 Avg (April) 0.0034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0040	0.0039	0.0039
February	0.0040	0.0039	0.0039
March	0.0040	0.0039	0.0040
April	0.0041	0.0039	0.0040
May	0.0041	0.0037	0.0040
June	0.0040	0.0037	0.0038
July	0.0039	0.0037	0.0038
August	0.0039	0.0037	0.0038
September	0.0037	0.0036	0.0037
October	0.0037	0.0035	0.0036
November	0.0036	0.0034	0.0035
December	0.0036	0.0035	0.0035