2023 SAR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 1325.6378. Conversely, the yearly low was recorded on December 27, dropping to 1023.8774.
This high-to-low spread represents a total annual volatility of 301.7604 COP. From a start-to-finish perspective, comparing the January average rate of 1254.8199 to the December average rate of 1054.9106, the exchange rate registered a net change of -15.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1325.6378 was down 1.81% compared to the 2022 peak of 1350.0406, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR 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 1223.3481, compared to 1082.2561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 141.0920 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 128.3957 COP (High: 1322.9567 / Low: 1194.5610). On the other end, November was the most stable month, with a tight range of 39.0963 COP (High: 1094.3302 / Low: 1055.2340).
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 90.3812 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1278.3450) against the same month in 2022 (average: 1049.8977), the exchange rate shifted by +228.4473 (+21.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1322.9567 | 1194.5610 | 1254.8199 |
| February | 1325.6378 | 1231.1089 | 1278.3450 |
| March | 1296.3833 | 1227.7320 | 1267.1246 |
| April | 1245.5767 | 1170.8893 | 1208.8073 |
| May | 1249.2534 | 1170.4321 | 1210.6866 |
| June | 1180.6755 | 1086.2733 | 1120.3054 |
| July | 1119.4972 | 1047.4925 | 1083.8284 |
| August | 1106.0238 | 1043.5713 | 1085.6825 |
| September | 1095.0508 | 1040.4044 | 1069.0288 |
| October | 1160.0365 | 1087.2371 | 1125.3182 |
| November | 1094.3302 | 1055.2340 | 1074.7683 |
| December | 1074.8076 | 1023.8774 | 1054.9106 |