2023 BGN to CLP Historical Review

YEARLY HIGH

511.7400 CLP

YEARLY LOW

429.8573 CLP

YEARLY AVERAGE

464.5469 CLP

2023 BGN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 22, valuing the pair at 511.7400. Conversely, the yearly low was recorded on March 9, dropping to 429.8573.

This high-to-low spread represents a total annual volatility of 81.8826 CLP. From a start-to-finish perspective, comparing the January average rate of 453.8131 to the December average rate of 489.1161, the exchange rate registered a net change of 7.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 511.7400 was down 6.86% compared to the 2022 peak of 549.4081, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 2,558,700 CLP

2022 Average 2,349,297 CLP

Yearly Trough Low 2,149,287 CLP

Transaction Impact: A difference of 409,413.08 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

507.3804

431.8056

JanuMarcMayJulySeptNove

BGN to CLP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 445.2917, compared to 483.8021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 38.5104 points.

H1 Avg (Jan–Jun) 445.2917

H2 Avg (Jul–Dec) 483.8021

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 29.3716 CLP (High: 511.7400 / Low: 482.3684). On the other end, June was the most stable month, with a tight range of 18.2708 CLP (High: 451.7329 / Low: 433.4620).

October Spread (Volatile) ±29.3716

June Spread (Stable) ±18.2708

Growth Streaks & Declines

Trends

Between June and October, 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 January and February, when the average rate fell by 15.7096 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -15.7096

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 501.0825) against the same month in 2022 (average: 479.7564), the exchange rate shifted by +21.3261 (+4.45%).

2023 Avg (October) 501.0825

2022 Avg (October) 479.7564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	465.2712	440.1276	453.8131
February	452.2980	431.6714	438.1035
March	454.7512	429.8573	442.2578
April	459.6777	440.1662	451.7294
May	455.9408	435.9501	443.3154
June	451.7329	433.4620	442.5309
July	472.6380	444.0744	461.0489
August	484.9527	466.6265	477.8438
September	491.0436	470.0615	483.6610
October	511.7400	482.3684	501.0825
November	506.6072	481.8189	490.0602
December	503.7671	479.1325	489.1161