2024 NGN to COP Historical Review

YEARLY HIGH

4.5957 COP

YEARLY LOW

2.4172 COP

YEARLY AVERAGE

2.8444 COP

2024 NGN to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 4.5957. Conversely, the yearly low was recorded on March 15, dropping to 2.4172.

This high-to-low spread represents a total annual volatility of 2.1785 COP. From a start-to-finish perspective, comparing the January average rate of 4.3027 to the December average rate of 2.7962, the exchange rate registered a net change of -35.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.5957 was down 58.55% compared to the 2023 peak of 11.0879, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 4,595,669 COP

2023 Average 7,422,879 COP

Yearly Trough Low 2,417,151 COP

Transaction Impact: A difference of 2,178,518.67 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.4789

2.3647

JanuMarcMayJulySeptNove

NGN 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 3.0563, compared to 2.6324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4238 points.

H1 Avg (Jan–Jun) 3.0563

H2 Avg (Jul–Dec) 2.6324

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1.9394 COP (High: 4.3759 / Low: 2.4365). On the other end, September was the most stable month, with a tight range of 0.1402 COP (High: 2.6302 / Low: 2.4900).

February Spread (Volatile) ±1.9394

September Spread (Stable) ±0.1402

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 1.3076 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4.3027) against the same month in 2023 (average: 10.3708), the exchange rate shifted by -6.0682 (-58.51%).

2024 Avg (January) 4.3027

2023 Avg (January) 10.3708

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.5957	4.0867	4.3027
February	4.3759	2.4365	2.9951
March	2.7938	2.4172	2.5566
April	3.2593	2.7307	3.0267
May	3.1626	2.5252	2.7378
June	2.9719	2.5804	2.7188
July	2.9044	2.4334	2.6659
August	2.6165	2.4378	2.5409
September	2.6302	2.4900	2.5610
October	2.6863	2.5213	2.5989
November	2.7071	2.5650	2.6317
December	2.8618	2.6115	2.7962