2023 HNL to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HNL to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HNL to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 201.7401. Conversely, the yearly low was recorded on December 27, dropping to 155.3755.
This high-to-low spread represents a total annual volatility of 46.3646 COP. From a start-to-finish perspective, comparing the January average rate of 191.0937 to the December average rate of 160.1176, the exchange rate registered a net change of -16.21% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 201.7401 was down 1.47% compared to the 2022 peak of 204.7563, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HNL 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 186.3108, compared to 164.4515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 21.8594 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 19.7899 COP (High: 201.3971 / Low: 181.6072). On the other end, November was the most stable month, with a tight range of 6.0197 COP (High: 165.9620 / Low: 159.9422).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 14.1122 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 194.5439) against the same month in 2022 (average: 160.1996), the exchange rate shifted by +34.3442 (+21.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 201.3971 | 181.6072 | 191.0937 |
| February | 201.7401 | 186.0600 | 194.5439 |
| March | 197.7551 | 186.9565 | 193.1631 |
| April | 190.6911 | 178.3881 | 184.4388 |
| May | 190.4738 | 178.0855 | 184.3689 |
| June | 180.1777 | 164.8360 | 170.2567 |
| July | 171.7716 | 159.6216 | 165.0716 |
| August | 169.8131 | 158.9944 | 165.4265 |
| September | 166.7767 | 157.5483 | 161.8570 |
| October | 176.6674 | 164.8834 | 170.8833 |
| November | 165.9620 | 159.9422 | 163.3527 |
| December | 162.9429 | 155.3755 | 160.1176 |