2023 SCR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SCR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SCR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 376.7815. Conversely, the yearly low was recorded on July 21, dropping to 280.6330.
This high-to-low spread represents a total annual volatility of 96.1486 COP. From a start-to-finish perspective, comparing the January average rate of 348.3974 to the December average rate of 294.6479, the exchange rate registered a net change of -15.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 376.7815 was down 4.59% compared to the 2022 peak of 394.9000, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SCR 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 339.1676, compared to 304.5571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 34.6106 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 56.5083 COP (High: 376.7815 / Low: 320.2732). On the other end, August was the most stable month, with a tight range of 14.1176 COP (High: 310.9865 / Low: 296.8689).
Growth Streaks & Declines
TrendsBetween July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 29.7517 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 348.3974) against the same month in 2022 (average: 290.8758), the exchange rate shifted by +57.5216 (+19.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 376.7815 | 320.2732 | 348.3974 |
| February | 373.8385 | 327.9644 | 354.1271 |
| March | 369.6313 | 333.4349 | 353.6264 |
| April | 348.3535 | 317.7388 | 335.6558 |
| May | 356.3233 | 313.5832 | 336.4755 |
| June | 328.8879 | 289.4672 | 306.7238 |
| July | 320.1767 | 280.6330 | 304.3207 |
| August | 310.9865 | 296.8689 | 304.5383 |
| September | 317.8402 | 286.5136 | 305.1875 |
| October | 338.7224 | 295.2125 | 316.8664 |
| November | 313.8465 | 288.5490 | 301.7818 |
| December | 310.1440 | 281.8504 | 294.6479 |