2024 SEK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 1, valuing the pair at 416.8245. Conversely, the yearly low was recorded on April 13, dropping to 350.7651.
This high-to-low spread represents a total annual volatility of 66.0594 COP. From a start-to-finish perspective, comparing the January average rate of 378.8697 to the December average rate of 399.4415, the exchange rate registered a net change of 5.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 416.8245 was down 12.64% compared to the 2023 peak of 477.1429, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 371.9584, compared to 398.3432 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.3847 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 30.8273 COP (High: 397.1511 / Low: 366.3238). On the other end, May was the most stable month, with a tight range of 11.1726 COP (High: 366.4188 / Low: 355.2462).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 16.8123 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 404.7136) against the same month in 2023 (average: 377.6223), the exchange rate shifted by +27.0914 (+7.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 385.9070 | 372.4722 | 378.8697 |
| February | 385.5973 | 370.1924 | 376.4307 |
| March | 383.4453 | 361.2471 | 373.9682 |
| April | 364.1440 | 350.7651 | 357.1559 |
| May | 366.4188 | 355.2462 | 359.5319 |
| June | 397.1511 | 366.3238 | 385.7942 |
| July | 394.7885 | 371.1458 | 379.9024 |
| August | 401.8671 | 377.2804 | 390.3074 |
| September | 416.4730 | 402.4402 | 409.3219 |
| October | 414.2410 | 400.4251 | 406.3723 |
| November | 416.8245 | 397.7592 | 404.7136 |
| December | 407.6239 | 394.5954 | 399.4415 |