2023 NZD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 3109.3534. Conversely, the yearly low was recorded on September 15, dropping to 2313.2691.
This high-to-low spread represents a total annual volatility of 796.0843 COP. From a start-to-finish perspective, comparing the January average rate of 3018.5108 to the December average rate of 2464.4729, the exchange rate registered a net change of -18.35% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 3109.3534 was up 0.19% compared to the 2022 peak of 3103.4111, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NZD 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 2865.9718, compared to 2452.6477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 413.3241 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 283.4150 COP (High: 2927.6797 / Low: 2644.2646). On the other end, December was the most stable month, with a tight range of 69.1503 COP (High: 2498.9670 / Low: 2429.8168).
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 241.3274 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 3018.5108) against the same month in 2022 (average: 2696.6839), the exchange rate shifted by +321.8269 (+11.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3109.3534 | 2906.8295 | 3018.5108 |
| February | 3094.6620 | 2927.7297 | 3011.4437 |
| March | 3039.1852 | 2888.9315 | 2953.2884 |
| April | 2927.4640 | 2728.6947 | 2815.9221 |
| May | 2927.6797 | 2644.2646 | 2818.9966 |
| June | 2685.2464 | 2502.9121 | 2577.6693 |
| July | 2631.7684 | 2428.9553 | 2530.0418 |
| August | 2530.8392 | 2370.9392 | 2438.5623 |
| September | 2446.1549 | 2313.2691 | 2376.9341 |
| October | 2604.9849 | 2379.9710 | 2488.4709 |
| November | 2466.5795 | 2355.9534 | 2417.4044 |
| December | 2498.9670 | 2429.8168 | 2464.4729 |