2023 COP to TRY Historical Review

YEARLY HIGH

0.0077 TRY

YEARLY LOW

0.0038 TRY

YEARLY AVERAGE

0.0056 TRY

2023 COP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0077. Conversely, the yearly low was recorded on January 5, dropping to 0.0038.

This high-to-low spread represents a total annual volatility of 0.0039 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0040 to the December average rate of 0.0074, the exchange rate registered a net change of 84.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0077 was up 69.17% compared to the 2022 peak of 0.0045, 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 38,392 TRY

2022 Average 19,457 TRY

Yearly Trough Low 18,876 TRY

Transaction Impact: A difference of 19,516.01 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0077

0.0036

JanuMarcMayJulySeptNove

COP to TRY 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 0.0044, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0044

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0015 TRY (High: 0.0063 / Low: 0.0047). On the other end, March was the most stable month, with a tight range of 0.0003 TRY (High: 0.0042 / Low: 0.0039).

June Spread (Volatile) ±0.0015

March Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 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 7 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0074) against the same month in 2022 (average: 0.0039), the exchange rate shifted by +0.0035 (+88.87%).

2023 Avg (December) 0.0074

2022 Avg (December) 0.0039

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0042	0.0038	0.0040
February	0.0041	0.0038	0.0039
March	0.0042	0.0039	0.0040
April	0.0044	0.0041	0.0043
May	0.0047	0.0042	0.0044
June	0.0063	0.0047	0.0057
July	0.0069	0.0062	0.0065
August	0.0069	0.0063	0.0066
September	0.0069	0.0065	0.0067
October	0.0069	0.0064	0.0066
November	0.0073	0.0069	0.0071
December	0.0077	0.0072	0.0074