2024 NIO to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NIO to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NIO to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 122.3726. Conversely, the yearly low was recorded on April 8, dropping to 102.1171.
This high-to-low spread represents a total annual volatility of 20.2555 COP. From a start-to-finish perspective, comparing the January average rate of 106.9478 to the December average rate of 119.3868, the exchange rate registered a net change of 11.63% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 122.3726 was down 10.24% compared to the 2023 peak of 136.3388, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NIO 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 106.6673, compared to 114.7431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.0758 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 8.8647 COP (High: 113.5117 / Low: 104.6470). On the other end, February was the most stable month, with a tight range of 2.0282 COP (High: 107.8869 / Low: 105.8587).
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 March and April, when the average rate fell by 0.9809 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 119.7470) against the same month in 2023 (average: 110.1334), the exchange rate shifted by +9.6136 (+8.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 108.2401 | 105.7979 | 106.9478 |
| February | 107.8869 | 105.8587 | 106.8072 |
| March | 107.1031 | 104.4914 | 105.9867 |
| April | 107.4830 | 102.1171 | 105.0058 |
| May | 106.1946 | 103.5964 | 105.0660 |
| June | 113.5117 | 104.6470 | 110.1902 |
| July | 112.4377 | 107.2012 | 109.7501 |
| August | 112.6077 | 108.6107 | 110.2516 |
| September | 116.7051 | 112.1950 | 113.6851 |
| October | 119.9276 | 112.7687 | 115.6378 |
| November | 122.3726 | 117.2276 | 119.7470 |
| December | 121.4130 | 117.0822 | 119.3868 |