2023 CLP to BGN Historical Review

YEARLY HIGH

0.0023 BGN

YEARLY LOW

0.0020 BGN

YEARLY AVERAGE

0.0022 BGN

2023 CLP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CLP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 0.0023. Conversely, the yearly low was recorded on October 22, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0004 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0022 to the December average rate of 0.0020, the exchange rate registered a net change of -7.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0023 was up 1.63% compared to the 2022 peak of 0.0023, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 CLP based on timing:

Yearly Peak High 2,326 BGN

2022 Average 2,131 BGN

Yearly Trough Low 1,954 BGN

Transaction Impact: A difference of 372.24 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0023

0.0020

JanuMarcMayJulySeptNove

CLP to BGN 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 0.0022, compared to 0.0021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0022

H2 Avg (Jul–Dec) 0.0021

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0001 BGN (High: 0.0023 / Low: 0.0021). On the other end, August was the most stable month, with a tight range of 0.0001 BGN (High: 0.0021 / Low: 0.0021).

July Spread (Volatile) ±0.0001

August Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0023) against the same month in 2022 (average: 0.0022), the exchange rate shifted by +0.0000 (+1.58%).

2023 Avg (March) 0.0023

2022 Avg (March) 0.0022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0023	0.0021	0.0022
February	0.0023	0.0022	0.0023
March	0.0023	0.0022	0.0023
April	0.0023	0.0022	0.0022
May	0.0023	0.0022	0.0023
June	0.0023	0.0022	0.0023
July	0.0023	0.0021	0.0022
August	0.0021	0.0021	0.0021
September	0.0021	0.0020	0.0021
October	0.0021	0.0020	0.0020
November	0.0021	0.0020	0.0020
December	0.0021	0.0020	0.0020