2024 MXN to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 235.1125. Conversely, the yearly low was recorded on August 27, dropping to 203.3251.
This high-to-low spread represents a total annual volatility of 31.7874 COP. From a start-to-finish perspective, comparing the January average rate of 229.7998 to the December average rate of 216.8450, the exchange rate registered a net change of -5.64% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 235.1125 was down 13.15% compared to the 2023 peak of 270.7157, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN 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 229.1755, compared to 216.4196 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.7559 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 19.2794 COP (High: 230.9143 / Low: 211.6350). On the other end, February was the most stable month, with a tight range of 4.5308 COP (High: 232.3612 / Low: 227.8304).
Growth Streaks & Declines
TrendsBetween August and December, 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 July and August, when the average rate fell by 11.2946 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 232.4751) against the same month in 2023 (average: 258.5569), the exchange rate shifted by -26.0818 (-10.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 233.1702 | 225.5874 | 229.7998 |
| February | 232.3612 | 227.8304 | 229.8448 |
| March | 235.1125 | 229.9686 | 232.4751 |
| April | 233.4159 | 226.2204 | 229.9182 |
| May | 232.5300 | 226.6503 | 230.0421 |
| June | 230.9143 | 211.6350 | 222.9731 |
| July | 227.0084 | 215.9550 | 223.1225 |
| August | 219.5376 | 203.3251 | 211.8279 |
| September | 221.8458 | 208.5562 | 213.5396 |
| October | 220.0236 | 213.1255 | 216.3771 |
| November | 222.1427 | 211.7153 | 216.8056 |
| December | 219.8488 | 211.7047 | 216.8450 |