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2021 CLP to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the CLP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 7, valuing the pair at 60.5480. Conversely, the yearly low was recorded on December 20, dropping to 48.4236.
This high-to-low spread represents a total annual volatility of 12.1243 IRR. From a start-to-finish perspective, comparing the January average rate of 58.2103 to the December average rate of 49.7454, the exchange rate registered a net change of -14.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 60.5480 was down 27.79% compared to the 2020 peak of 83.8531, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 CLP based on timing:
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CLP to IRR 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: JanâJun) was 58.4708, compared to 52.8608 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 5.6101 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was January, with a trading range of 3.5055 IRR (High: 60.5043 / Low: 56.9988). On the other end, October was the most stable month, with a tight range of 1.4605 IRR (High: 52.5489 / Low: 51.0885).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.1090 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 59.1390) against the same month in 2020 (average: 51.3735), the exchange rate shifted by +7.7654 (+15.12%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 60.5043 | 56.9988 | 58.2103 |
| February | 60.0728 | 56.9742 | 58.2989 |
| March | 59.0285 | 57.1690 | 58.0125 |
| April | 60.4697 | 58.3575 | 59.4043 |
| May | 60.5480 | 57.3638 | 59.1390 |
| June | 58.7731 | 56.2449 | 57.7600 |
| July | 57.2352 | 54.8905 | 56.0088 |
| August | 55.7127 | 53.3596 | 53.9963 |
| September | 55.0127 | 52.0365 | 53.7421 |
| October | 52.5489 | 51.0885 | 51.8177 |
| November | 53.3102 | 50.0654 | 51.8543 |
| December | 50.4916 | 48.4236 | 49.7454 |