2024 PEN to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 1190.3379. Conversely, the yearly low was recorded on February 15, dropping to 1007.1698.
This high-to-low spread represents a total annual volatility of 183.1681 COP. From a start-to-finish perspective, comparing the January average rate of 1050.5368 to the December average rate of 1176.8678, the exchange rate registered a net change of 12.03% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1190.3379 was down 8.94% compared to the 2023 peak of 1307.2262, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN 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 1045.5736, compared to 1124.3892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 78.8156 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 69.4196 COP (High: 1098.5119 / Low: 1029.0923). On the other end, September was the most stable month, with a tight range of 31.2454 COP (High: 1126.3638 / Low: 1095.1184).
Growth Streaks & Declines
TrendsBetween May and December, 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 January and February, when the average rate fell by 24.5222 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1176.8678) against the same month in 2023 (average: 1059.0901), the exchange rate shifted by +117.7777 (+11.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1065.0450 | 1030.0263 | 1050.5368 |
| February | 1043.7897 | 1007.1698 | 1026.0146 |
| March | 1069.1675 | 1033.9076 | 1049.3707 |
| April | 1058.6763 | 1021.5045 | 1040.1946 |
| May | 1054.0460 | 1020.9648 | 1035.6621 |
| June | 1098.5119 | 1029.0923 | 1071.6632 |
| July | 1094.2122 | 1046.9613 | 1073.0919 |
| August | 1114.1641 | 1065.8830 | 1086.0385 |
| September | 1126.3638 | 1095.1184 | 1110.0138 |
| October | 1171.2400 | 1112.2246 | 1135.0513 |
| November | 1183.0206 | 1147.4450 | 1165.2720 |
| December | 1190.3379 | 1155.7352 | 1176.8678 |