2023 MGA to COP Historical Review

YEARLY HIGH

1.1620 COP

YEARLY LOW

0.8382 COP

YEARLY AVERAGE

0.9736 COP

2023 MGA to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 1.1620. Conversely, the yearly low was recorded on December 27, dropping to 0.8382.

This high-to-low spread represents a total annual volatility of 0.3238 COP. From a start-to-finish perspective, comparing the January average rate of 1.0717 to the December average rate of 0.8636, the exchange rate registered a net change of -19.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1620 was down 1.95% compared to the 2022 peak of 1.1851, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MGA based on timing:

Yearly Peak High 5,810 COP

2022 Average 5,147 COP

Yearly Trough Low 4,191 COP

Transaction Impact: A difference of 1,618.90 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1410

0.8383

JanuMarcMayJulySeptNove

MGA to COP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.0497, compared to 0.8976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1521 points.

H1 Avg (Jan–Jun) 1.0497

H2 Avg (Jul–Dec) 0.8976

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1053 COP (High: 1.0073 / Low: 0.9020). On the other end, November was the most stable month, with a tight range of 0.0426 COP (High: 0.9148 / Low: 0.8722).

June Spread (Volatile) ±0.1053

November Spread (Stable) ±0.0426

Growth Streaks & Declines

Trends

No 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 0.0925 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0925

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.1158) against the same month in 2022 (average: 0.9878), the exchange rate shifted by +0.1280 (+12.95%).

2023 Avg (February) 1.1158

2022 Avg (February) 0.9878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0995	1.0370	1.0717
February	1.1620	1.0741	1.1158
March	1.1317	1.0667	1.1039
April	1.0792	1.0004	1.0359
May	1.0659	0.9948	1.0316
June	1.0073	0.9020	0.9391
July	0.9281	0.8744	0.9032
August	0.9256	0.8714	0.9047
September	0.9156	0.8641	0.8891
October	0.9595	0.8965	0.9322
November	0.9148	0.8722	0.8928
December	0.8928	0.8382	0.8636