2024 MYR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MYR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MYR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 1018.3816. Conversely, the yearly low was recorded on April 8, dropping to 790.2930.
This high-to-low spread represents a total annual volatility of 228.0886 COP. From a start-to-finish perspective, comparing the January average rate of 837.1468 to the December average rate of 984.4742, the exchange rate registered a net change of 17.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1018.3816 was down 10.06% compared to the 2023 peak of 1132.2696, 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 2024.
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 829.7749, compared to 955.6111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 125.8362 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 69.0872 COP (High: 955.3377 / Low: 886.2505). On the other end, May was the most stable month, with a tight range of 14.4212 COP (High: 826.6168 / Low: 812.1957).
Growth Streaks & Declines
TrendsBetween April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 15.1059 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 994.0320) against the same month in 2023 (average: 859.2616), the exchange rate shifted by +134.7703 (+15.68%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 848.3787 | 826.1351 | 837.1468 |
| February | 832.0497 | 815.5546 | 824.1208 |
| March | 837.3715 | 810.7916 | 826.2445 |
| April | 831.3797 | 790.2930 | 811.1386 |
| May | 826.6168 | 812.1957 | 819.2399 |
| June | 885.7450 | 817.4338 | 860.7587 |
| July | 888.7775 | 843.9516 | 862.7307 |
| August | 955.3377 | 886.2505 | 919.0213 |
| September | 1013.1219 | 951.7502 | 982.6300 |
| October | 1012.8758 | 969.3198 | 990.7784 |
| November | 1018.3816 | 976.9790 | 994.0320 |
| December | 1001.4438 | 967.1044 | 984.4742 |