2023 COP to NOK Historical Review

YEARLY HIGH

0.0028 NOK

YEARLY LOW

0.0020 NOK

YEARLY AVERAGE

0.0025 NOK

2023 COP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.0028. Conversely, the yearly low was recorded on January 1, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0008 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0021 to the December average rate of 0.0027, the exchange rate registered a net change of 26.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0028 was up 8.76% compared to the 2022 peak of 0.0026, 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 14,090 NOK

2022 Average 11,334 NOK

Yearly Trough Low 10,117 NOK

Transaction Impact: A difference of 3,972.81 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0028

0.0020

JanuMarcMayJulySeptNove

COP to NOK 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 0.0023, compared to 0.0026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0023

H2 Avg (Jul–Dec) 0.0026

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0002 NOK (High: 0.0025 / Low: 0.0023). On the other end, February was the most stable month, with a tight range of 0.0001 NOK (High: 0.0022 / Low: 0.0021).

May Spread (Volatile) ±0.0002

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0001 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0027) against the same month in 2022 (average: 0.0021), the exchange rate shifted by +0.0007 (+31.64%).

2023 Avg (November) 0.0027

2022 Avg (November) 0.0021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0022	0.0020	0.0021
February	0.0022	0.0021	0.0021
March	0.0023	0.0021	0.0022
April	0.0024	0.0022	0.0023
May	0.0025	0.0023	0.0024
June	0.0027	0.0025	0.0026
July	0.0026	0.0024	0.0025
August	0.0026	0.0024	0.0026
September	0.0028	0.0026	0.0027
October	0.0027	0.0025	0.0026
November	0.0028	0.0026	0.0027
December	0.0028	0.0026	0.0027