2023 COP to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 COP to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the COP to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 5.4617. Conversely, the yearly low was recorded on February 22, dropping to 3.5524.
This high-to-low spread represents a total annual volatility of 1.9093 SLL. From a start-to-finish perspective, comparing the January average rate of 3.7507 to the December average rate of 5.3002, the exchange rate registered a net change of 41.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5.4617 was up 46.37% compared to the 2022 peak of 3.7314, 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 2023.
COP to SLL 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 3.8573, compared to 5.0518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1944 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.1298 SLL (High: 5.3359 / Low: 4.2062). On the other end, November was the most stable month, with a tight range of 0.1893 SLL (High: 5.2972 / Low: 5.1079).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2619 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 5.3002) against the same month in 2022 (average: 3.6885), the exchange rate shifted by +1.6117 (+43.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.9390 | 3.5526 | 3.7507 |
| February | 3.8239 | 3.5524 | 3.6850 |
| March | 3.8334 | 3.6268 | 3.7134 |
| April | 4.0222 | 3.7788 | 3.8970 |
| May | 4.0239 | 3.7707 | 3.8914 |
| June | 4.3353 | 3.9896 | 4.2065 |
| July | 5.3359 | 4.2062 | 4.4558 |
| August | 5.3556 | 5.0537 | 5.1502 |
| September | 5.3736 | 5.1057 | 5.2315 |
| October | 5.1399 | 4.8269 | 4.9696 |
| November | 5.2972 | 5.1079 | 5.2034 |
| December | 5.4617 | 5.2029 | 5.3002 |