YEARLY HIGH
16.7259 CLP
YEARLY LOW
14.0399 CLP
YEARLY AVERAGE
15.1012 CLP

2023 PHP to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 16.7259. Conversely, the yearly low was recorded on May 15, dropping to 14.0399.

This high-to-low spread represents a total annual volatility of 2.6860 CLP. From a start-to-finish perspective, comparing the January average rate of 14.9843 to the December average rate of 15.7783, the exchange rate registered a net change of 5.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.7259 was down 10.41% compared to the 2022 peak of 18.6686, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 4,181,474 CLP
2022 Average 4,008,946 CLP
Yearly Trough Low 3,509,984 CLP
Transaction Impact: A difference of 671,490.40 CLP purely based on transaction execution date.

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16.5404
14.0988
JanuMarcMayJulySeptNove

PHP 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 14.5875, compared to 15.6149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0273 points.

H1 Avg (Jan–Jun) 14.5875
H2 Avg (Jul–Dec) 15.6149

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 1.0104 CLP (High: 16.7259 / Low: 15.7155). On the other end, June was the most stable month, with a tight range of 0.4722 CLP (High: 14.5142 / Low: 14.0419).

October Spread (Volatile) Âą1.0104
June Spread (Stable) Âą0.4722

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 October and November, when the average rate fell by 0.4340 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.4340

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 16.3369) against the same month in 2022 (average: 16.2384), the exchange rate shifted by +0.0986 (+0.61%).

2023 Avg (October) 16.3369
2022 Avg (October) 16.2384

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Month High Low Average
January 15.4065 14.5092 14.9843
February 15.0571 14.2675 14.6024
March 15.2340 14.4128 14.7560
April 15.0364 14.0943 14.5731
May 14.6068 14.0399 14.3071
June 14.5142 14.0419 14.3023
July 15.3531 14.3988 14.8524
August 15.5116 14.9330 15.2167
September 15.9724 15.0263 15.6022
October 16.7259 15.7155 16.3369
November 16.5477 15.6300 15.9029
December 16.1267 15.4728 15.7783