2023 MDL to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MDL to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MDL to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 264.7715. Conversely, the yearly low was recorded on September 19, dropping to 216.9579.
This high-to-low spread represents a total annual volatility of 47.8136 COP. From a start-to-finish perspective, comparing the January average rate of 248.1570 to the December average rate of 224.7520, the exchange rate registered a net change of -9.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 264.7715 was up 0.52% compared to the 2022 peak of 263.4036, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MDL 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 250.1772, compared to 227.3287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.8485 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 24.8885 COP (High: 249.5282 / Low: 224.6397). On the other end, July was the most stable month, with a tight range of 8.3756 COP (High: 230.8448 / Low: 222.4691).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 20.7766 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 255.4897) against the same month in 2022 (average: 220.1340), the exchange rate shifted by +35.3556 (+16.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 259.1086 | 238.6732 | 248.1570 |
| February | 264.7715 | 245.9694 | 255.4897 |
| March | 262.2841 | 250.8702 | 255.7115 |
| April | 259.8293 | 245.4848 | 251.3715 |
| May | 261.5292 | 247.2887 | 255.5552 |
| June | 249.5282 | 224.6397 | 234.7785 |
| July | 230.8448 | 222.4691 | 227.1403 |
| August | 236.4292 | 220.5935 | 230.3646 |
| September | 230.9996 | 216.9579 | 223.0801 |
| October | 239.2898 | 223.2860 | 232.7987 |
| November | 230.3585 | 220.5581 | 225.8364 |
| December | 229.2452 | 220.8126 | 224.7520 |