2024 ZAR to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ZAR to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ZAR to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 254.2556. Conversely, the yearly low was recorded on April 8, dropping to 201.5058.
This high-to-low spread represents a total annual volatility of 52.7497 COP. From a start-to-finish perspective, comparing the January average rate of 209.0532 to the December average rate of 240.8125, the exchange rate registered a net change of 15.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 254.2556 was down 12.27% compared to the 2023 peak of 289.8144, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ZAR 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 209.5532, compared to 235.4069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 25.8537 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 26.6697 COP (High: 231.9028 / Low: 205.2331). On the other end, February was the most stable month, with a tight range of 6.7869 COP (High: 210.2686 / Low: 203.4816).
Growth Streaks & Declines
TrendsBetween April and November, 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 November and December, when the average rate fell by 4.5508 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 245.3633) against the same month in 2023 (average: 217.4504), the exchange rate shifted by +27.9129 (+12.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 213.8541 | 203.8484 | 209.0532 |
| February | 210.2686 | 203.4816 | 206.5263 |
| March | 211.1047 | 203.8462 | 206.7366 |
| April | 211.3721 | 201.5058 | 204.6638 |
| May | 212.2594 | 205.2352 | 209.9032 |
| June | 231.9028 | 205.2331 | 220.4362 |
| July | 225.6134 | 217.1080 | 221.5636 |
| August | 231.4465 | 216.6326 | 224.5732 |
| September | 243.1068 | 231.4322 | 237.8466 |
| October | 250.6464 | 238.4744 | 242.2822 |
| November | 254.2556 | 237.7083 | 245.3633 |
| December | 248.1265 | 233.7614 | 240.8125 |