2024 ETB to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ETB to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ETB to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 72.5923. Conversely, the yearly low was recorded on December 16, dropping to 33.9480.
This high-to-low spread represents a total annual volatility of 38.6443 COP. From a start-to-finish perspective, comparing the January average rate of 69.4664 to the December average rate of 34.6803, the exchange rate registered a net change of -50.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 72.5923 was down 21.67% compared to the 2023 peak of 92.6776, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ETB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ETB 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 68.8982, compared to 41.9457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.9525 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 17.7121 COP (High: 71.8518 / Low: 54.1397). On the other end, February was the most stable month, with a tight range of 1.3374 COP (High: 70.0459 / Low: 68.7085).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 29.5494 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 70.5099) against the same month in 2023 (average: 76.9809), the exchange rate shifted by -6.4709 (-8.41%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 70.2209 | 68.7020 | 69.4664 |
| February | 70.0459 | 68.7085 | 69.3716 |
| March | 69.4816 | 67.6371 | 68.7123 |
| April | 69.6416 | 66.1921 | 67.9236 |
| May | 68.3490 | 66.4225 | 67.4053 |
| June | 72.5923 | 66.9823 | 70.5099 |
| July | 71.8518 | 54.1397 | 69.4858 |
| August | 51.3781 | 35.6848 | 39.9363 |
| September | 37.7342 | 34.5408 | 36.2592 |
| October | 36.1725 | 34.5721 | 35.3705 |
| November | 37.0428 | 34.6821 | 35.9420 |
| December | 35.7115 | 33.9480 | 34.6803 |