2024 EGP to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 128.4126. Conversely, the yearly low was recorded on April 8, dropping to 78.9834.
This high-to-low spread represents a total annual volatility of 49.4292 COP. From a start-to-finish perspective, comparing the January average rate of 126.8922 to the December average rate of 86.8596, the exchange rate registered a net change of -31.55% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 128.4126 was down 34.59% compared to the 2023 peak of 196.3099, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
EGP to COP 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 98.3794, compared to 86.1462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.2332 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 48.5268 COP (High: 127.5828 / Low: 79.0560). On the other end, May was the most stable month, with a tight range of 1.7568 COP (High: 82.8529 / Low: 81.0962).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 38.3467 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 126.8922) against the same month in 2023 (average: 165.6362), the exchange rate shifted by -38.7440 (-23.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.4126 | 125.2843 | 126.8922 |
| February | 128.3119 | 125.8151 | 127.0861 |
| March | 127.5828 | 79.0560 | 88.7394 |
| April | 82.8487 | 78.9834 | 80.8458 |
| May | 82.8529 | 81.0962 | 81.7302 |
| June | 87.4047 | 81.2423 | 84.9826 |
| July | 85.7092 | 82.1491 | 83.8379 |
| August | 84.9638 | 81.5422 | 82.9481 |
| September | 88.7755 | 84.8778 | 86.3642 |
| October | 90.1357 | 85.6589 | 87.6300 |
| November | 91.2670 | 87.8369 | 89.2374 |
| December | 89.7997 | 84.7791 | 86.8596 |