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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.
Comparing the value generated converting 250,000 PHP based on timing:
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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)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 14.5875, compared to 15.6149 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.0273 points.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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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 |