2023 MYR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MYR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MYR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1132.2696. Conversely, the yearly low was recorded on December 27, dropping to 829.4174.
This high-to-low spread represents a total annual volatility of 302.8521 COP. From a start-to-finish perspective, comparing the January average rate of 1088.7577 to the December average rate of 849.5753, the exchange rate registered a net change of -21.97% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1132.2696 was up 2.38% compared to the 2022 peak of 1105.9157, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MYR 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 1031.6275, compared to 870.5857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 161.0417 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 100.0505 COP (High: 1051.1986 / Low: 951.1481). On the other end, December was the most stable month, with a tight range of 34.6306 COP (High: 864.0481 / Low: 829.4174).
Growth Streaks & Declines
TrendsNo 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 97.5609 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 1088.7577) against the same month in 2022 (average: 954.9995), the exchange rate shifted by +133.7582 (+14.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1132.2696 | 1047.8448 | 1088.7577 |
| February | 1119.6050 | 1064.2175 | 1098.5564 |
| March | 1086.7223 | 1041.0732 | 1064.4178 |
| April | 1059.3188 | 997.7086 | 1024.8108 |
| May | 1051.1986 | 951.1481 | 1005.3914 |
| June | 965.5481 | 871.3163 | 907.8305 |
| July | 904.8988 | 865.3898 | 885.0680 |
| August | 913.1512 | 860.9474 | 883.4485 |
| September | 883.7106 | 830.8987 | 856.6303 |
| October | 921.6675 | 858.5865 | 889.5305 |
| November | 875.4507 | 840.3443 | 859.2616 |
| December | 864.0481 | 829.4174 | 849.5753 |