2024 MGA to COP Historical Review

YEARLY HIGH

0.9653 COP

YEARLY LOW

0.8414 COP

YEARLY AVERAGE

0.8975 COP

2024 MGA to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 0.9653. Conversely, the yearly low was recorded on January 1, dropping to 0.8414.

This high-to-low spread represents a total annual volatility of 0.1239 COP. From a start-to-finish perspective, comparing the January average rate of 0.8589 to the December average rate of 0.9345, the exchange rate registered a net change of 8.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9653 was down 16.93% compared to the 2023 peak of 1.1620, 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 4,826 COP

2023 Average 4,864 COP

Yearly Trough Low 4,207 COP

Transaction Impact: A difference of 619.50 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9561

0.8500

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 0.8757, compared to 0.9192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0435 points.

H1 Avg (Jan–Jun) 0.8757

H2 Avg (Jul–Dec) 0.9192

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0706 COP (High: 0.9332 / Low: 0.8626). On the other end, February was the most stable month, with a tight range of 0.0171 COP (High: 0.8742 / Low: 0.8571).

June Spread (Volatile) ±0.0706

February Spread (Stable) ±0.0171

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0128 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0128

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.9473) against the same month in 2023 (average: 0.8928), the exchange rate shifted by +0.0545 (+6.10%).

2024 Avg (November) 0.9473

2023 Avg (November) 0.8928

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8718	0.8414	0.8589
February	0.8742	0.8571	0.8652
March	0.8936	0.8572	0.8727
April	0.8969	0.8570	0.8792
May	0.8820	0.8570	0.8718
June	0.9332	0.8626	0.9066
July	0.9256	0.8777	0.8965
August	0.9110	0.8685	0.8885
September	0.9469	0.9056	0.9211
October	0.9568	0.9052	0.9274
November	0.9653	0.9317	0.9473
December	0.9506	0.9178	0.9345