2024 SBD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SBD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SBD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 536.7291. Conversely, the yearly low was recorded on April 8, dropping to 443.1605.
This high-to-low spread represents a total annual volatility of 93.5686 COP. From a start-to-finish perspective, comparing the January average rate of 465.4749 to the December average rate of 524.1179, the exchange rate registered a net change of 12.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 536.7291 was down 10.79% compared to the 2023 peak of 601.6357, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SBD 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 463.5197, compared to 503.6066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 40.0869 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 40.7452 COP (High: 495.1172 / Low: 454.3720). On the other end, February was the most stable month, with a tight range of 9.2089 COP (High: 469.2033 / Low: 459.9943).
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 4.6022 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 526.9653) against the same month in 2023 (average: 477.7391), the exchange rate shifted by +49.2262 (+10.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 474.3779 | 459.2077 | 465.4749 |
| February | 469.2033 | 459.9943 | 464.6902 |
| March | 467.0732 | 447.7901 | 460.4679 |
| April | 467.8677 | 443.1605 | 455.8657 |
| May | 460.6954 | 449.1685 | 455.4196 |
| June | 495.1172 | 454.3720 | 479.1996 |
| July | 490.4870 | 466.5999 | 478.0032 |
| August | 488.5312 | 467.8507 | 478.3861 |
| September | 515.2972 | 487.8048 | 501.6749 |
| October | 530.5438 | 500.8346 | 512.4920 |
| November | 536.7291 | 518.9169 | 526.9653 |
| December | 535.0730 | 513.6849 | 524.1179 |