2024 MMK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MMK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MMK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 2.1465. Conversely, the yearly low was recorded on July 21, dropping to 1.2452.
This high-to-low spread represents a total annual volatility of 0.9013 COP. From a start-to-finish perspective, comparing the January average rate of 1.8668 to the December average rate of 2.0933, the exchange rate registered a net change of 12.13% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 2.1465 was down 9.37% compared to the 2023 peak of 2.3686, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MMK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MMK 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 1.8559, compared to 1.9920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1360 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.7011 COP (High: 1.9464 / Low: 1.2452). On the other end, February was the most stable month, with a tight range of 0.0366 COP (High: 1.8887 / Low: 1.8521).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0577 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 2.1000) against the same month in 2023 (average: 1.9216), the exchange rate shifted by +0.1784 (+9.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8893 | 1.8462 | 1.8668 |
| February | 1.8887 | 1.8521 | 1.8702 |
| March | 1.8770 | 1.8302 | 1.8573 |
| April | 1.8835 | 1.7933 | 1.8413 |
| May | 1.8599 | 1.8131 | 1.8407 |
| June | 1.9885 | 1.6494 | 1.8591 |
| July | 1.9464 | 1.2452 | 1.8014 |
| August | 1.9770 | 1.9063 | 1.9334 |
| September | 2.0471 | 1.9702 | 1.9943 |
| October | 2.1030 | 1.9763 | 2.0293 |
| November | 2.1465 | 2.0630 | 2.1000 |
| December | 2.1292 | 2.0527 | 2.0933 |