2024 ISK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ISK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ISK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 32.6849. Conversely, the yearly low was recorded on April 12, dropping to 26.9432.
This high-to-low spread represents a total annual volatility of 5.7416 COP. From a start-to-finish perspective, comparing the January average rate of 28.6306 to the December average rate of 31.6673, the exchange rate registered a net change of 10.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 32.6849 was down 5.69% compared to the 2023 peak of 34.6576, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ISK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ISK 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 28.3647, compared to 30.6714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3067 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 2.0699 COP (High: 30.1207 / Low: 28.0507). On the other end, February was the most stable month, with a tight range of 0.5625 COP (High: 28.7910 / Low: 28.2285).
Growth Streaks & Declines
TrendsBetween April and November, 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 March and April, when the average rate fell by 0.8580 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 31.9146) against the same month in 2023 (average: 28.8179), the exchange rate shifted by +3.0967 (+10.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.1441 | 28.2106 | 28.6306 |
| February | 28.7910 | 28.2285 | 28.5193 |
| March | 29.0205 | 27.7094 | 28.4138 |
| April | 28.2310 | 26.9432 | 27.5558 |
| May | 28.2385 | 27.5303 | 27.8405 |
| June | 30.1207 | 28.0507 | 29.2283 |
| July | 29.8058 | 28.8158 | 29.3271 |
| August | 30.0663 | 28.9158 | 29.4453 |
| September | 31.0659 | 29.8679 | 30.5586 |
| October | 32.2480 | 30.6404 | 31.1156 |
| November | 32.6849 | 31.1962 | 31.9146 |
| December | 32.2231 | 31.2156 | 31.6673 |